Cocoa #7 Mar '24 (CAH24)
Cocoa #7 Futures Market News and Commentary
December ICE NY cocoa (CCZ26) is down -262 (-3.99%) today, and December ICE London cocoa #7 (CAZ26) is down -210 (-4.36%).
Cocoa prices are sharply lower today for a second day on signs of ample cocoa supplies. Prices tumbled today after Barry Callebaut AG, the world’s biggest cocoa processor, said the global cocoa market is well supplied, leaving the market better prepared to manage risks than it did during the 2023/24 El Niño weather event that drove cocoa prices to record highs.
Larger cocoa supplies from the Ivory Coast are also pressuring prices after Tuesday’s cumulative data from the Ivory Coast, the world’s largest cocoa producer, showed that farmers shipped 2.14 MMT of cocoa to ports in the current marketing year (October 1, 2025, through August 30, 2026), up +19% from the same period a year ago.
Also, the Ivory Coast cocoa regulator, Le Conseil du Café Cacao, said on Tuesday that it aims to boost the country’s cocoa processing capacity to 1.3 MMT in 202... Read more
Barchart · 17 minutes ago
December ICE NY cocoa (CCZ26 ) is down -262 (-3.99%) today, and December ICE London cocoa #7 (CAZ26 ) is down -210 (-4.36%). Cocoa prices are sharply lower...
Barchart · 35 minutes ago
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December ICE NY cocoa (CCZ26 ) is down -262 (-3.99%) today, and December ICE London cocoa #7 (CAZ26 ) is down -210 (-4.36%). Cocoa prices are sharply lower...
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