Ghana news — Vesper

Smaller cashew and pistachio crops meet a macadamia rebound

ofi's July update puts the cashew crop 10% to 12% below last year and the 2026 pistachio crop near half of 2025, while hazelnut supply stays comfortable.

Unsold cocoa stock in Ivory Coast keeps a lid on prices

ICE cocoa futures fell 7-8.5% this week as high Ivory Coast arrivals and an uncertain unsold-stock overhang weigh on price.

Cocoa rallies more than 30%; deficit fears return for next season

cocoa has rallied more than 30% since Vesper's last report, recovering off its lows as the market turns its focus to next season's West African crop. New...

Ivory Coast arrivals outpace last season, pressuring cocoa

Cocoa prices fell over the past week as supportive West African weather and a jump in Ivory Coast arrivals shifted attention to near-term abundance. ICE EU...

Cocoa rally fades as weak demand meets a bigger Ivorian crop

Cocoa opened last week with a strong rally and then gave it back over consecutive down days, a pattern Martijn Bron attributes to the volatility of the...

EU cocoa futures post a 10% single-session gain as the Silly Season takes hold

EU cocoa futures rose 7% over the past week, closing at 3,153 GBP/t for the front-month July 2026 contract, while the most active September contract gained...

El Nino shifts Cocoa Week London from bearish demand to cautious supply concern

The mood at Cocoa Week London was not what most delegates arrived expecting. Industry participants came in focused on weak chocolate confectionery demand...

Cocoa rallies 30% in a week on short-covering and crop risk

EU cocoa front-month May 2026 futures closed up 34% on the week at 3,551 GBP/t, with gains spread across the curve rather than concentrated in the front....

Cocoa futures climb on El Niño concerns despite record surplus outlook

London July cocoa futures have risen by approximately 10% over the past two weeks, driven by FMCG buying tied to El Niño headlines, despite the 2025/26...

Cocoa prices find a higher floor on supply risk concerns

Cocoa prices have moved higher in recent sessions, with the front-month May 2026 ICE Europe contract closing 3.7% up at GBP 2,495/t. Market participants...

Cocoa prices stage end-of-quarter rally, but cost pressures cloud the chocolate outlook

Cocoa prices rallied sharply at the end of March, with EU futures gaining 7% in a single session to close at £2,487/mt for the front month May 2026...

Cocoa farmers in Brazil cancel expansion plans as low prices bite

The dramatic decline in cocoa prices over the past 12 months is beginning to have consequences for future supply. Cocoa farmers in Brazil say they expect to ...

Chocolate forecast 2026: cocoa, sugar, vegetable oils, nuts

Chocolate manufacturers are navigating an ingredient landscape that looks very different today from where it started the year. Cocoa has come down sharply,...

Cocoa sector turmoil deepens in Ivory Coast and Ghana

Cocoa sector disruption in Ivory Coast and Ghana deepens as falling prices, unsold beans and payment delays strain farmers and buyers...

Ivory Coast brings forward mid-crop season in bid to clear unsold cocoa stocks

Ivory Coast has reclassified March cocoa production as mid-crop, sharply reducing farmgate prices to move unsold stocks. The bearish market...

Cocoa prices fall 35% in a month as West African supply overhang deepens

Cocoa prices have collapsed 35% over the past month and sit 70% below year-ago levels, as unsold bean inventories build in Ghana and Ivory...

Cocoa futures recover modestly as Ghana payment crisis leaves 150,000 mt stuck

Cocoa futures up slightly after sharp declines but farmers face payment crisis as Ghana and Ivory Coast struggle with defaults. Ghana holds...

Cocoa prices hit 2-year low as farmgate pricing crisis leaves African beans stranded at ports

London cocoa futures dropped 12% to 3,347 GBP/t as fixed farmgate prices in Ivory Coast and Ghana create supply bottlenecks. European...

Record cocoa short position reaches half a million metric tons

Managed money traders have built a half million metric ton short position in cocoa futures, a size that has historically hurt speculators...

EU chocolate inflation remains at multi-year highs despite cocoa price correction

European chocolate inflation remains near multi-year highs at 17.3% year-over-year even as cocoa prices fall 60% from peak, limiting...

EU proposes six-month grace period for cocoa deforestation law

European Union proposes six-month relief period for EUDR compliance instead of one-year delay, with simplified requirements for smallholder...

Chocolate manufacturers plan price cuts after consumers reject 30% increases

Mondelez reports higher-than-expected demand elasticity for chocolate in Europe, with consumers pushing back against cumulative 30% price...

Chocolate demand proves more price-sensitive than expected as Mondelez reports consumer pushback

Mondelez reveals European chocolate demand elasticity of 0.7-0.8, surpassing industry expectations as cumulative 30% price increases test...

Cocoa prices fall 20% over past month as main crop expectations remain optimistic

Cocoa futures fall 20% in a month as West African main crop expectations remain optimistic. European Q3 grindings beat estimates.

How the EUDR delay is influencing cocoa prices and market structure

Discover how the EUDR delay, market structure shifts, and hedge fund shorts are influencing cocoa prices and procurement strategies.

EU deforestation rules create compliance challenges for cocoa exporters

EU deforestation regulation poses major compliance challenges for cocoa exporters requiring complex tracking systems, though a possible...

Cocoa price discovery breaks down as structural problems persist

Cocoa markets struggle with broken price signals as Ghana's debt crisis deepens and Brazilian farmers face oligopolistic pricing pressure from processors.

Côte d'Ivoire cocoa crop faces weather challenges as rain distribution remains uneven

West African cocoa regions experience mixed rainfall patterns. Côte d'Ivoire sees uneven distribution while Ghana records...

Ivory Coast cuts cocoa export forecast as severe drought threatens global supply

Ivory Coast reduces cocoa export contracts to 1.2 million tonnes as severe drought and disease impact crop quality.

Cocoa: weak demand is priced in, supply problems not

Cocoa futures increase 10% on weather reports while confirmed demand destruction barely moves prices. Mondelez sales drop 3.4%...

Cocoa prices rise as supply concerns outweigh demand destruction

Cocoa prices rise despite weak demand as West African production concerns outweigh processing declines | Market Analysis.

Cocoa markets face double pressure from weather relief and tariff uncertainty

Cocoa markets face volatility as West African weather improves but US tariff uncertainty persists.

Cocoa prices drop as Ghana boosts crop forecast, but weather risks loom large

New York cocoa falls to $9,000 as Ghana increases crop forecast 8.3%. Côte d'Ivoire arrivals up 5.7% but rainfall concerns persist in West Africa.

Cocoa market shows signs of recovery as West African rains improve crop prospects

Cocoa futures drop 15% as West African rains improve crop prospects. Analysis of supply recovery, smuggling challenges, and market outlook.

Cocoa markets find stability as weather shifts from drought to flood concerns

Cocoa futures find stability after volatile period, but excessive rainfall in Côte d'Ivoire and Ghana raises new supply concerns.

Cocoa markets remain volatile as ICCO widens global supply deficit to 494,000 tons

ICCO expands cocoa deficit forecast amid West Africa crop quality concerns. Futures hit $10,974 before pullback.

Cocoa market volatility continues: July futures swing nearly 19% in historic trading week

July cocoa futures hit $10,898 after 19% rally, then crashed 10%. Analysis reveals 20-year low liquidity, 3.5% demand drop, and West African supply gamble.

Cocoa market watch: Rally faces headwinds despite supply concerns

Latest cocoa market analysis shows futures retreating from 3-month highs despite quality issues in West Africa.

US Cocoa tariffs shake global markets: supply squeeze meets trade tensions

New US tariffs of up to 21% on cocoa imports collide with a 40% drop in Ivory Coast production, sending futures tumbling from $9,492 to $7,800.

Inside the Cocoa market: preventing a drop in demand amidst volatility

Discover key cocoa market trends, from supply shifts in Ivory Coast to changing chocolate demand and price volatility. Get insights for 2025.

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