Cocoa Futures Jump
2025-11-03 15:47
By
Luisa Carvalho
1 min. read
Cocoa futures traded slightly above $6,500 per tonne, close to their highest level since early October, after it was confirmed the commodity will return to the Bloomberg Commodity Index, likely attracting significant fund inflows.
Shrinking ICE cocoa inventories also supported prices, with stocks monitored by ICE in US ports falling to a seven-month low of 1,815,627 bags as of October 31.
Meanwhile, dealers reported a pickup in cocoa arrivals at Ivory Coast’s ports, with deliveries reaching 90,000 tons from October 27 to November 2, compared with 80,000 tons the week before.
In the meantime, optimism over strong West African harvests continued to bolster expectations of a global supply surplus.
Local farmers noted that adequate rainfall combined with long sunny spells should support a high-quality cocoa crop for the October-to-March season in the country's main producing regions.