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Markets1h 42m ago
July ICE NY cocoa (CCN26) closed up +260 (+6.70%), and July ICE London cocoa #7 (CAN26) closed up +175 (+5.88%) on Tuesday.
West Africa, equatorial Pacific
Who
July ICE NY cocoa (CCN26), July ICE London cocoa #7 (CAN26)
What
July ICE NY cocoa (CCN26) closed up +260 (+6.70%), and July ICE London cocoa #7 (CAN26) closed up +175 (+5.88%) on Tuesday.
When
Tue, 16 Jun 2026 18:23:13 GMT · 1h 42m 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, reducing soil moisture, stressing cocoa trees, and lowering yields.
The Frontline Impact
How this affects you
The confirmed El Niño weather pattern is expected to cause warmer, drier conditions in West Africa, a major cocoa-producing region, potentially damaging cocoa production and stressing trees. This has led to a sharp increase in cocoa prices, with further volatility possible due to fund positioning and reports of below-average cherelle formation for the 2026/27 crop.
Story chain
1 event in this threadNo related history yet - this is the origin event.
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