Cocoa Futures Fell Six Times in a Row this Week 

It’s the longest run of losses since 2022, as improved weather in the main growing region in west Africa takes the heat out of a record price surge. The most active futures contracts in New York tumbled 5.6 per cent to $7,361 a tonne, and its London equivalent lost 10.3 per cent to £7,010 a tonne, as rising hopes that crops in Ghana and Ivory Coast may recover in the coming season trigger a sell-off. The two west African countries, which set prices for farmers and sell forward contracts to traders to deliver the beans, also failed to meet orders for hundreds of thousands of tonnes of beans. Years of low prices have meant cash-strapped farmers have been unable to invest in improving ageing plantations.

FT