Cocoa at Over 3-Week High

2026-08-03 13:23 By Agna Gabriel 1 min. read

Cocoa prices rose above $6,000 per tonne, their highest in more than three weeks, supported by renewed concerns about supply from West Africa.

Ghana's cocoa regulator COCOBOD estimated cocoa production will decline by at least 16% in the 2026/27 season, citing unfavorable weather, the cocoa tree's natural alternating yield cycle, disease, ageing plantations and illegal gold mining.

Supply concerns were reinforced by expectations of a more than 10% decline in Ivory Coast's production next season.

While crop prospects remain generally favorable, farmers said more sunshine and timely fertilizer and pesticide applications are needed, warning that excessive rainfall later in the season could increase disease risks and further tighten global cocoa supplies.



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