Cocoa futures prices rose as Ghana plans to limit some of its cocoa supply next season, raising new concerns about ongoing shortages. According to reports, the world's second-largest cocoa producer told buyers that it will determine how many cocoa beans can be sold as specialty cocoa beans next season based on total production, and regulators will distribute cocoa “fairly” among buyers. The move to restrict some purchases shows fears that even with favorable weather and timely supplies of pesticides and fertilizers, the country's harvest next season may not be as obvious as some expected. Cocoa futures rose 3.8% in the New York market on Monday. Although prices have fallen from record highs in April, partly due to expectations of improved supply next season, prices have risen by about 90% this year due to poor harvests in West Africa.

Cocoa futures prices rose as Ghana plans to limit some of its cocoa supply next season, raising new concerns about ongoing shortages. According to reports, the world's second-largest cocoa producer told buyers that it will determine how many cocoa beans can be sold as specialty cocoa beans next season based on total production, and regulators will distribute cocoa “fairly” among buyers. The move to restrict some purchases shows fears that even with favorable weather and timely supplies of pesticides and fertilizers, the country's harvest next season may not be as obvious as some expected. Cocoa futures rose 3.8% in the New York market on Monday. Although prices have fallen from record highs in April, partly due to expectations of improved supply next season, prices have risen by about 90% this year due to poor harvests in West Africa.