Cote d’Ivoire

Cocoa prices in New York spiked due to ongoing concerns over supply shortages, with prices rising to USD 10,000/ton, driven by poor harvests in West Africa, leading to a projected third consecutive annual deficit. In Cote d’Ivoire, the top cocoa producer, regulators have requested buyers to delay receiving around 130,000 tons of beans until the mid-crop harvest due to the scarcity.