The clowns running the ICCO say this every harvest time. Maybe they’re right, maybe they’re bluffing.
It works out really, really well for their members if they’re bluffing the prices higher on a large harvest.
In the 60’s there was a book by Adam Smith (pseudo name) called “the money game”. One of the humerous chapters delt with outfitting a relative of a friend and sending him off to Africa to check on the cocoa crop. It was a hilarious read. The moral of the story was when dealing in commodities like cocoa one is pitting their knowledge and information against the likes of Hershey and Nestle.