Cocoa Futures Ease

2026-03-03 15:49 By Luisa Carvalho 1 min. read

Cocoa prices eased to around $2,900 per tonne, after a technical recovery briefly pushed them above $3,000 per tonne on March 2.

Underlying market fundamentals remained pressured by expectations of abundant supply and weakened demand.

Favorable weather in West Africa has been supporting more robust production prospects, while South America, especially Ecuador, is expanding its share of global supply.

At the same time, slowing global demand is contributing to the accumulation of inventories around the world, limiting the potential for a sustained recovery in prices in the short term.

Hedgepoint Global Markets projects a global surplus of 365,000 tons for the 2025/26 crop year, according to its late-February forecast.

For 2024/25, world production was revised to 4.728 million tons, up from the previously projected 4.698 million tons, representing an 8.4% increase compared to the 4.362 million tons recorded in 2023/24.



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