Cocoa Sep '26 (CCU26)
Cocoa Futures Market News and Commentary
September ICE NY cocoa (CCU26) on Wednesday closed down -279 (-4.98%), and September ICE London cocoa #7 (CAU26) closed down -202 (-4.84%).
Cocoa prices plunged to fresh 2-month lows on Wednesday and settled sharply lower amid signs of tepid global cocoa demand and abundant supplies. The European Cocoa Association reported last Thursday that Q2 European cocoa grindings fell -4.6% to 316,366 MT, a larger decline than the -1.5% y/y expected and the lowest level for Q2 in 6 years. However, the National Confectioners Association reported that Q2 North American cocoa grindings unexpectedly rose by 7.7% y/y to 109,659 MT, well above expectations of a -1% y/y decline, easing cocoa demand fears. Also, Asian cocoa demand improved after the Cocoa Association of Asia reported that Q2 Asian cocoa grindings rose by +25% y/y to 224,646 MT, well above expectations of +9% y/y. Â
Signs of larger global cocoa supplies are negative for cocoa prices. Tuesday’s cumulative data from the Iv... Read more
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