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Markets3h 17m 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.
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West Africa, equatorial Pacific
Who
July ICE NY cocoa (CCN26), July ICE London cocoa #7 (CAN26), Japan’s Meteorological Agency, US National Oceanic and Atmospheric Administration (NOAA)
What
July ICE NY cocoa and July ICE London cocoa #7 closed higher on Wednesday, with prices reaching 3-week highs amidst global weather risks.
When
Wed, 17 Jun 2026 18:32:08 GMT · 3h 17m ago
Where
West Africa, equatorial Pacific ·
Why
Cocoa markets are pricing in weather risks after an El Niño weather pattern was confirmed last week, which typically brings warmer, drier conditions to West Africa, potentially reducing yields.
The Frontline Impact
How this affects you
The confirmed El Niño weather pattern is expected to bring warmer and drier conditions to West Africa, which could significantly reduce cocoa production and lead to higher global cocoa prices. The US NOAA estimates a 67% chance of a "Super El Niño" this year, indicating a potentially severe impact on future cocoa supplies.
Story chain
3 events in this thread- Markets3h 17m agoJuly 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
- Markets3h 17m agoCocoa 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.Open article
- Currently Reading3h 17m agoJuly ICE NY cocoa and July ICE London cocoa #7 closed higher on Wednesday, with prices reaching 3-week highs amidst global weather risks.