Cocoa Futures Fall to Year-Low on Higher Prices, Weak Demand

2025-10-03 17:32 By Mojdeh Kazemi 1 min. read

Cocoa futures slumped over 5% toward $6,170 per tonne, hitting one-year lows on Friday as the main crop harvest got underway in West Africa, with farmers in Ivory Coast and Ghana encouraged to sell by higher farmgate prices.

Ghana raised its 2025/26 farmgate price by another 12% to 58,000 cedis ($4,640) a ton, following Ivory Coast’s move to lift its price 55.6% above last season.

Authorities in both countries have sought to boost farmer incomes to curb smuggling.

On the demand side, dealers expect third-quarter grind data to show year-on-year declines across Europe, North America, and Asia.

Adding pressure, Berenberg downgraded Cadbury parent Mondelez to “hold” from “buy” due to weak chocolate demand and limited benefits from falling cocoa costs.

Overall, the combination of higher farmgate prices and slowing demand weighed heavily on cocoa markets, pushing futures to their lowest levels in a year.



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