Cocoa Futures Remain Near 2023-Lows

2026-04-20 13:46 By Luisa Carvalho 1 min. read

Cocoa futures rose toward $3,400 per tonne but remained close to the lowest since August 2023, as traders continued to weigh signs of weak global demand against prospects of ample supply.

Industry data showed that cocoa grindings in top consumer Europe fell almost 8% and dropped nearly 4% in North America, both exceeding market estimates.

Meanwhile, Bloomberg Intelligence reported chocolate candy sales fell about 5% year-on-year during the Easter holiday, a peak seasonal period for consumption.

On the supply side, adequate rainfall across key West African growing regions has raised the prospect of another global surplus in 2026/27.

Latest data showed ICE-monitored certified inventories at US ports fell by 5,511 bags to 2,618,981, though levels remain high by historical standards, indicating comfortable supply conditions.

However, renewed disruptions in the Strait of Hormuz added concerns over logistics and transportation costs.



News Stream
Cocoa Futures Remain Near 2023-Lows
Cocoa futures rose toward $3,400 per tonne but remained close to the lowest since August 2023, as traders continued to weigh signs of weak global demand against prospects of ample supply. Industry data showed that cocoa grindings in top consumer Europe fell almost 8% and dropped nearly 4% in North America, both exceeding market estimates. Meanwhile, Bloomberg Intelligence reported chocolate candy sales fell about 5% year-on-year during the Easter holiday, a peak seasonal period for consumption. On the supply side, adequate rainfall across key West African growing regions has raised the prospect of another global surplus in 2026/27. Latest data showed ICE-monitored certified inventories at US ports fell by 5,511 bags to 2,618,981, though levels remain high by historical standards, indicating comfortable supply conditions. However, renewed disruptions in the Strait of Hormuz added concerns over logistics and transportation costs.
2026-04-20
Cocoa Futures Rise to 2-Month Highs
Cocoa futures rose above $3,500 per tonne, reaching the highest since mid-February, supported by a weaker US dollar and spillover effects from lingering geopolitical tensions. The closure of the Strait of Hormuz weighs on the cocoa market by disrupting fertilizer supply chains and increasing global shipping rates, insurance premiums, and fuel costs, thereby raising production and import expenses. However, market fundamentals remained pressured by ample West African supply expectations and subdued demand. Latest data showed ICE cocoa inventories rose to a 19.5-month high of 2,610,453 bags by April 13. At the same time, cocoa arrivals at ports in top grower Ivory Coast rose 0.7% to 1.462 million metric tons as of April 12, since the start of the season on October 1. Attention turns to the release of first-quarter grinding data across Europe, Asia, and North America, due on April 16, expected to signal weak global demand.
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Cocoa Hits 4-week High
Cocoa increased to 3391.00 USD/T, the highest since March 2026. Over the past 4 weeks, Cocoa lost 0.93%, and in the last 12 months, it decreased 57.58%.
2026-04-14