Cocoa #7 May '28 (CAK28)
Cocoa #7 Futures Market News and Commentary
September ICE NY cocoa (CCU26) today is down -13 (-0.22%), and September ICE London cocoa #7 (CAU26) is down -9 (-0.21%).
Cocoa prices fell from 3-week highs today and turned lower on larger cocoa supplies from Ghana. Ghana’s cocoa board reported today that 750,000 MT of cocoa has been harvested for the 2025/26 season, which ends at the end of this month, up +25.6% from 597,000 MT in 2024/25.
Cocoa prices initially rallied to 3-week highs today on positive carryover from last Friday, amid concerns over future cocoa production in Ghana, the world’s second-largest cocoa producer. Last Friday, Ghana’s cocoa regulator, COCOBOD, projected Ghana’s 2026/27 cocoa production could fall to 450,000 MT to 550,000 MT from 750,000 MT projected for 2025/26 due to the combined effects of swollen shoot disease, aging cocoa farms, and the likelihood of adverse weather from the El Niño weather pattern.
Cocoa prices dropped to 1-month lows last Tuesday on signs of larger global co... Read more
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