Cocoa Futures Extend Slide

2025-11-24 12:19 By Luisa Carvalho 1 min. read

Cocoa futures traded around $5,000 per tonne, hovering near the lowest since January 2024, as improving supply from West Africa bolsters expectations of a larger global surplus.

After a slow start to the season in October, cocoa arrivals at the ports of top producer Ivory Coast have surpassed 100,000 tons for three consecutive weeks, bringing supplies close to last year’s pace.

Favorable weather with light rains has supported healthy crop development, helping to accelerate the harvest.

The upward trend also reflects larger carryover supplies from the previous mid-crop, encouraged by higher prices for farmers.

The European Union’s plans to delay and revise deforestation regulations also exerted downward pressure on prices.

In addition, positive tariff developments are influencing the market.

On November 14, US President Donald Trump issued an executive order exempting cocoa, coffee, tropical fruits, nuts, and several other agricultural inputs from reciprocal tariffs.



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