ALL AGRI #Cocoa Price

July ICE NY cocoa (CCN25) Monday closed up +730 (+8.63%), and July ICE London cocoa #7 (CAN25) closed up +214 (+3.69%).Cocoa prices on Monday recovered from early losses and settled sharply higher as signs of a slowing pace of Ivory Coast cocoa exports sparked short covering in cocoa futures

ocoa-leading region coming off two below-average harvests Industry researchers downgrading their earlier 2025/26 forecasts Flower, young pod mortality rates high, despite improved weather

The forecast for a 10% decline in output in the four main producing countries – a consensus view from five producers and six exporters – reverses an earlier forecast for a 5% increase made in May and June. Ivory Coast and Ghana, the world’s two top cocoa producers, along with Nigeria and Cameroon, account for more than two-thirds of global cocoa output.

Cocoa prices have seen strength in the past week from concern about dry weather in West Africa that threatens the region's cocoa crops. There has been little to no precipitation over the past few weeks in the cocoa-growing areas of the Ivory Coast and Ghana, which could negatively impact the development of flowers and cherelles on cocoa plants. According to the European Centre for Medium-Range Weather Forecasts, rainfall in the Ivory Coast and Ghana this season remains below the 30-year average, and combined with high temperatures, risks hurting cocoa pod development for the main crop harvest that starts in October.