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Rich Asplund

MYSTERIOUS: West african crop concerns underpin cocoa prices - You Need To See This

Ice West Africa Ivory Coast Ghana London Cocoa NY Cocoa London CFTC Deficit Hershey

March ICE NY cocoa (CCH25) today is up +397 (+3.97%), and March ICE London cocoa #7 (CAH25) is up +175 (+2.19%).

Cocoa prices today are sharply higher on West African cocoa crop concerns. Cocoa farmers in the Ivory Coast and Ghana, the world's two biggest cocoa-producing countries, said spotty rainfall over the past two weeks has been insufficient for tree regeneration and flowering.

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