West African cocoa farmers hope for more rains as midcrop begins

In West Africa, growers are hoping that dry weather will be broken by some gains to bolster bean sizing and quality in the midcrop. A more prolonged dry period could threaten tree health and pod-setting for the new main crop. ICCO estimates 2019/20 production [...]

Cocoa midcrop concerns, election uncertainty catch spec interest

Cocoa prices have surged $450 per MT, up 20 percent from the start of this year. Although cocoa bean arrivals to date are running close to last year’s record crop, hot and dry conditions have sparked concerns for the potential of the coming midcrop. [...]