The sharpest move in agricultural commodities this week did not come from oil, down 7.5% over five days, but from cocoa, which jumped 9.6% to $4,982.0. For African stock markets today, that matters immediately: it improves the revenue backdrop for companies tied to the Ivorian cocoa chain on the BRVM, while coffee fell 3.5% to 277.75 cents and cotton rose 3.9% to 76.86 cents.
That price ranking is reshaping cross-market positioning as of June 24, 2026. The BRVM gets a supportive signal from cocoa, Nairobi has to digest weaker coffee, and Tunis is watching wheat, up 2.0% to 598.25 cents, through the lens of imported food costs. All of that is happening in a tougher currency environment: the U.S. dollar rose 4.17% against the Moroccan dirham to 9.4057 MAD, 2.23% against the Tunisian dinar to 2.9345 TND, and 0.81% against the Kenyan shilling to 129.46 KES, making dollar-priced agricultural imports more expensive across several markets.
Key figures
- Cocoa: +9.6% to $4,982.0
- Coffee: -3.5% to 277.75 cents
- Cotton: +3.9% to 76.86 cents
- Wheat: +2.0% to