Business
Cocoa Futures Swing as Market Watches West Africa Weather
SOURCE:Bloomberg|BY:Pratik Parija
Cocoa futures fluctuated as traders watch for the impact of West Africa’s Harmattan season on output from top producers.
Cocoa pods grow on a farm ahead of the harvest in Kwabeng, Ghana. Photographer: Paul Ninson/Bloomberg
January 2, 2026 at 1:19 PM UTC
Cocoa futures fluctuated as traders watch for the impact of West Africa’s Harmattan season on outputBloomberg Terminal from top producers.
Cocoa prices in New York and London fell as much as 4% on Friday before paring most of the loss. Still, the move adds to a brutalBloomberg Terminal 2025, with New York futures down 48% and London contracts off more than 50% on anticipation of improved harvests and sluggish demand.