More sun needed to strengthen Ivory Coast cocoa crop, farmers say

Ivory Coast cocoa regions saw below-average rainfall that dried soil last week, but farmers say more sunny spells are still needed to support the September-to-February main crop. The developing weather uncertainty is a mild downside risk to cocoa supply and could add upward pressure to prices.

Analysis

Ivory Coast cocoa regions saw below-average rainfall that dried soil last week, but farmers say more sunny spells are still needed to support the September-to-February main crop. The developing weather uncertainty is a mild downside risk to cocoa supply and could add upward pressure to prices.