Cocoa Jul '25 (CCN25)
Cocoa Futures Market News and Commentary
September ICE NY cocoa (CCU26) closed down -106 (-1.80%) on Thursday, and September ICE London cocoa #7 (CAU26) closed down -100 (-2.30%).
Cocoa prices fell sharply for a second day on Thursday amid signs of larger cocoa supplies from Ghana. Ghana’s cocoa board reported on Wednesday 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.
Rising cocoa inventories are also weighing on prices after ICE cocoa inventories rose to a 2-year high of 3,384,965 bags on Wednesday.
On Wednesday, cocoa prices rose to 3-week highs 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 coco... Read more
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