Cocoa Futures Remain Subdued

2026-04-13 14:36 By Luisa Carvalho 1 min. read

Cocoa futures traded in a narrow range around $3,200 per tonne, close to June 2023 lows, as market fundamentals continued to be shaped by expectations of abundant supply and subdued demand.

Latest data showed ICE cocoa inventories rose to a 19.5-month high of 2,540,983 bags by April 10, reinforcing the perception of comfortable short-term availability.

Meanwhile, farmers in top grower Ivory Coast said the March-to-August 2026 cocoa mid-crop is developing well, supported by a mix of recent rains and sunny spells in most growing regions.

They expected a good mid-crop that would be concentrated between May and July, but warned that more rains were needed to hep the crop to reach its maximum potential.

The market is now focused on the upcoming release of first-quarter grinding figures on April 16, covering data from Europe, Asia, and North America.

The prevailing expectation is for weaker performance, reflecting the fragility of global demand for cocoa derivatives.



News Stream
Cocoa Futures Remain Subdued
Cocoa futures traded in a narrow range around $3,200 per tonne, close to June 2023 lows, as market fundamentals continued to be shaped by expectations of abundant supply and subdued demand. Latest data showed ICE cocoa inventories rose to a 19.5-month high of 2,540,983 bags by April 10, reinforcing the perception of comfortable short-term availability. Meanwhile, farmers in top grower Ivory Coast said the March-to-August 2026 cocoa mid-crop is developing well, supported by a mix of recent rains and sunny spells in most growing regions. They expected a good mid-crop that would be concentrated between May and July, but warned that more rains were needed to hep the crop to reach its maximum potential. The market is now focused on the upcoming release of first-quarter grinding figures on April 16, covering data from Europe, Asia, and North America. The prevailing expectation is for weaker performance, reflecting the fragility of global demand for cocoa derivatives.
2026-04-13
Cocoa Hits 4-week Low
Cocoa decreased to 3069.00 USD/T, the lowest since March 2026. Over the past 4 weeks, Cocoa lost 6.22%, and in the last 12 months, it decreased 60.29%.
2026-04-07
Cocoa Futures Hover Around 2023-Lows
Cocoa futures eased to near $3,100 per tonne, close to the lowest since June 2023, as market fundamentals remained underpinned by expectations of abundant supply and weak demand. Favorable weather in key producer Ivory Coast has lifted the outlook for the March-August mid-crop harvest, with above-average rainfall last week supporting expectations of a longer and stronger season. At the same time, latest data showed certified stocks monitored by ICE continue their upward trajectory, rising to a 1.5-year high of 2,375,262 bags in early April. Meanwhile, market attention is shifting to Q1 grind data for Europe and North America due on April 16 for insights into demand. The consensus among market participants is that the figures should confirm the fragility of global demand, reflecting the prolonged impact of high prices throughout 2024 and the consequent adjustment in consumption by the industry.
2026-04-01