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Rich Asplund

FORGOTTEN HISTORY: Smaller ghana cocoa crop supports prices | History Defined

Ice Ghana Ghana Cocoa Board London

September ICE NY cocoa (CCU26) closed up +42 (+0.69) on Thursday, and September ICE London cocoa #7 (CAU26) closed up +20 (+0.47%).

Cocoa prices rallied to 2-week highs on Thursday and settled higher on concern about a smaller cocoa crop from Ghana, the world’s second-largest cocoa producer. Ghana’s Cocoa Board said Thursday that after a field survey of pod counts, it estimates the 2026/27 Ghana cocoa crop will be 650,000 MT, down -13% from 750,000 MT last year.

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