Sufficient cocoa supply leads to a significant drop in prices
2026-08-07 02:23:29
According to CoinMeta, due to an ample supply of cocoa, the prices of cocoa futures in New York and London fell significantly today. In September, New York cocoa ( CCU26 ) dropped by 133 points (-2.26%), while London cocoa ( CAU26 ) fell by 97 points (-2.23%). On Wednesday, the Ghana Cocoa Board reported that it expected a supply of 750,000 tons of cocoa, leading to a second consecutive day of price declines.
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