July ICE NY cocoa (CCN26 ) on Tuesday closed up +260 (+6.70%), and July ICE London cocoa #7 (CAN26 ) closed up +175 (+5.88%). Cocoa prices rallied to 2.5-week highs on Tuesday and settled sharply higher. Cocoa markets are pricing in weather risks after an El Niño weather pattern was...El nino concept by AlexMX via Shutterstock
El Niño Weather Risks Push Cocoa Prices Sharply Higher
Written on 06/16/2026