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Cocoa Prices Surge Nearly 40% in One Month to Six-Month High as Heavy Rains Hit West Africa

Cocoa Prices Surge Nearly 40% in One Month to Six-Month High as Heavy Rains Hit West Africa

Sputnik Africa

Cocoa Prices Surge Nearly 40% in One Month to Six-Month High as Heavy Rains Hit West AfricaSeptember cocoa futures on Intercontinental Exchange New York peaked... 10.07.2026, Sputnik Africa

2026-07-10T19:28+0200

2026-07-10T19:28+0200

2026-07-10T19:44+0200

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Cocoa Prices Surge Nearly 40% in One Month to Six-Month High as Heavy Rains Hit West AfricaSeptember cocoa futures on Intercontinental Exchange New York peaked at $6,226 per tonne on Friday.↗The market is signaling that prices probably won't return to normal anytime soon. Earlier this year, prices had dropped because demand slowed and West African shipments picked up. But now, early signs for the upcoming main harvest have traders rushing to buy.The culprit?Côte d'Ivoire and Ghana—the world's top cocoa producers—have been hit by relentless downpours. Floods have waterlogged plantations, disrupted transport, and even triggered a fungal disease called black pod, which damages the beans.Subscribe to @sputnik_africa Sputnik Africa | X

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