September ICE NY cocoa (CCU26) today is up +529 (+9.62%), and September ICE London cocoa #7 (CAU26) is up +368 (+9.17%).
Cocoa prices are sharply higher today for a second session and soared to 2-week highs. Cocoa prices are rallying on positive carryover from last Friday on concerns over cocoa production in Ghana, the world's second-largest cocoa producer. Last Friday, Ghana's cocoa regulator, COCOBOD, projected Ghana's 2026/27 cocoa production could fall to 450,000 MT to 550,000 MT from 750,000 MT projected for 2025/26 due to the combined effects of swollen shoot disease, aging cocoa farms, and the likelihood of adverse weather from the El Niño weather pattern.
