Commodities

Current cocoa bean prices — is Q2 2026 a good time to buy?

I'm a commodity trader based in Accra looking at cocoa bean prices for forward contracts. The market has been quite volatile lately: - **ICE NY Cocoa futures** have been fluctuating between $8,500-$10,200/MT - **London LIFFE** showing similar volatility - Ghana's **COCOBOD** producer price for 2025/26 season was set at GHS 4,800/bag **Key factors I'm watching:** - El Niño effects on West African cocoa belt rainfall - Côte d'Ivoire and Ghana mid-crop harvest expectations - EU Deforestation Regulation (EUDR) compliance costs - Currency movements (GHS/USD, XOF/USD) For those in the cocoa trade: **Are you buying now or waiting?** I have a buyer in Belgium wanting to lock in prices for Q3-Q4…