Cocoa Futures Edge Up, Still Near 20-Month Low

2025-10-16 14:22 By Agna Gabriel 1 min. read

Cocoa futures traded around $6,027 per tonne, supported by stronger-than-expected demand data from Europe.

The region’s third-quarter cocoa grind fell 4.8% year-on-year to 337,353 tonnes, a smaller drop than the near 10% decline traders had anticipated, signaling slightly firmer demand.

Still, cocoa prices remain close to $5,822, their lowest since February 2024, as markets brace for a potential supply surplus this season.

Improved weather conditions in West Africa, the world’s main growing region, have boosted harvest prospects and eased concerns about tight global supplies.

Both Ivory Coast and Ghana recently raised farmgate prices sharply to support farmers and reduce smuggling.

Ghana lifted its 2025/26 price by 12% to 58,000 cedis per tonne after Ivory Coast’s 55.6% increase.

The higher pay may encourage quicker sales and more investment in crops.

Analysts expect global production to outpace demand by about 186,000 tonnes in 2025/26, more than twice last season’s surplus.



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