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Markets3h 14m ago

Cocoa prices climbed to 3-week highs on Wednesday and settled slightly higher, pricing in weather risks after an El Niño weather pattern was confirmed last week.

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West Africa, equatorial Pacific, Ivory Coast, Nigeria, Ghana

Who
Cocoa markets, Japan's Meteorological Agency, US National Oceanic and Atmospheric Administration (NOAA)
What
Cocoa prices climbed to 3-week highs on Wednesday and settled slightly higher, pricing in weather risks after an El Niño weather pattern was confirmed last week.
When
Wed, 17 Jun 2026 18:32:08 GMT · 3h 14m ago
Where
West Africa, equatorial Pacific, Ivory Coast, Nigeria, Ghana ·
Why
An El Niño weather pattern, confirmed last week, typically brings warmer, drier conditions to West Africa, reducing soil moisture, stressing cocoa trees, and lowering yields.
The Frontline Impact

How this affects you

The confirmed El Niño weather pattern could significantly reduce cocoa production in West Africa, a major producing region, potentially leading to higher global cocoa prices due to supply concerns. Reduced forecasts for cocoa crops in Ivory Coast and Nigeria further underscore these supply challenges.

Story chain

3 events in this thread
  1. Markets3h 14m ago
    July ICE NY cocoa and July ICE London cocoa #7 closed up on Wednesday, with prices climbing to 3-week highs as markets price in global weather risks.
    Open article
  2. Currently Reading3h 14m ago
    Cocoa prices climbed to 3-week highs on Wednesday and settled slightly higher, pricing in weather risks after an El Niño weather pattern was confirmed last week.
  3. Markets3h 14m ago
    July ICE NY cocoa and July ICE London cocoa #7 closed higher on Wednesday, with prices reaching 3-week highs amidst global weather risks.
    Open article

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