Cocoa Futures Fall to 20-Month Low

2025-10-07 14:39 By Agna Gabriel 1 min. read

Cocoa futures fell to around $6,120 per tonne, their lowest since February 2024, as optimism grew over improved harvest prospects in West Africa and signs of easing global supply tightness.

Prices remain under pressure as the West African harvest begins.

Unlike last year, weather patterns appear to be stabilizing, and market participants await the first arrivals of the new crop.

Additionally, Ivory Coast and Ghana raised farmgate prices to boost farmer incomes and curb smuggling.

Ghana increased its 2025/26 price by 12% to 58,000 cedis ($4,640) per tonne, following Ivory Coast’s 55.6% hike.

Higher prices may encourage farmers to sell faster and invest in inputs.

On the demand side, upcoming third-quarter grind data for Europe, North America, and Asia is expected to show further year-on-year declines.

Global output may exceed consumption by about 186,000 tonnes in 2025/26, more than double last year’s surplus.



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