Cocoa Futures Hover at 1-Month Highs

2025-12-09 11:57 By Luisa Carvalho 1 min. read

Cocoa futures rose toward $5,700 per tonne, nearing one-month highs, sustained by forecasts of a tighter-than-anticipated global cocoa supply.

On November 28, the International Cocoa Organization (ICCO) cut its global 2024/25 cocoa surplus estimate to 49,000 MT from a prior estimate of 142,000 MT and lowered its global 2024/25 cocoa production estimate to 4.69 MMT from 4.84 MMT.

Meanwhile, farmers in top grower Ivory Coast reported that light rains combined with hot weather last week across most main cocoa-growing regions are expected to improve both the size and quality of beans harvested from February.

The main crop runs from mid-November to March.

However, dealers noted ongoing concerns over a stockpile at the country’s ports, caused by falling international prices and a liquidity crunch, though port arrivals are expected to slow in Q1 2026.

This backlog could distort market estimates for the season’s crop and exert additional downward pressure on cocoa prices.



News Stream
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