Ivory Coast and Ghana face pressure on future cocoa harvests, cocoa prices regain momentum.

The Caijing Intelligence APP learned that the threat of dry weather in West Africa is affecting next season's cocoa production, exacerbating the already tight global cocoa supply system. Cocoa futures prices are trending upwards on a weekly basis. The most active cocoa futures contract in London rose by 1.3% to 5,264 per ton, driving a cumulative increase of about 1.7% this week. It is expected to record a weekly increase, marking a strong rebound from the lowest point in over a month.