Cocoa Dec '26 (CCZ26)
Cocoa Futures Market News and Commentary
September ICE NY cocoa (CCU26) is down -139 (-2.30%) today, and September ICE London cocoa #7 (CAU26) is down -87 (-2.02%).
Cocoa prices are under pressure today on reports of exceptional growing conditions in the Ivory Coast and Ghana. The favorable weather has fostered new flowering on cocoa trees ahead of the start of the main crop harvest next month.
Cumulative data from the Ivory Coast showed that farmers shipped 2.11 MMT of cocoa to ports in the current marketing year (October 1, 2025, through August 2, 2026), up +20% from the same period a year ago.
Rising cocoa inventories are negative for prices after ICE cocoa inventories rose to a 2-year high of 3,384,965 bags on August 5.
In a bullish factor, Ghana’s cocoa regulator, COCOBOD, on July 30 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... Read more
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