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West African Weather Woes Boost Cocoa Prices
Nasdaq·2025-09-16 03:22

December ICE NY cocoa (CCZ25) today is up +214 (+2.88%), and December ICE London cocoa #7 (CAZ25) is up +105 (+2.06%).Cocoa prices are sharply higher today, with NY cocoa climbing to a 1.5-week high.  Weather concerns in West Africa are boosting cocoa prices.  Heavy rain in the Ivory Coast has kept farmers out of cocoa fields and reduced the movement of cocoa from plantations to ports.  Also, dryness in Ghana and Nigeria has damaged some crops, as cocoa pods have withered from a lack of precipitation.  Gain ...