Ivory Coast slows cocoa sales amid El Nino concerns
The Coffee and Cocoa Council has sold approximately 1 million metric tons for the 2026-27 season but is slowing further sales due to weather risks. Officials raised premiums by at least 100 pounds per ton as drought concerns and fertilizer shortages threaten future output.
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Ivory Coast sold 1 million metric tons of cocoa export contracts for the 2026-27 main crop before slowing sales. The nation is the world's largest producer, and the move signals tightening global supply ahead of the September 1 season start. Investors face higher chocolate ingredient costs as the regulator raises premiums to protect against weather-driven output deficits.
