Cocoa is down by 5.07%

Cocoa decreased 5.07% to 4470.02 USD/T

Cocoa futures eased to below $4,200 per tonne but stayed close to recent 3-month highs, supported by receding short covering while fundamentals stayed broadly supportive. Traders continued to closely monitor reports of irregular rainfall in parts of Ivory Coast and Ghana, as well as growing concerns about the potential return of adverse weather patterns linked to El Niño in the coming months. At the same time, rising geopolitical tensions in the Middle East, including disruptions in the Strait of Hormuz, have pushed up energy and transportation costs, increasing fertilizer prices and tightening global agricultural supply chains. This is raising concerns over output in key West African producers, particularly the Ivory Coast. Meanwhile, Ghana plans to raise $1 billion via domestic bonds to finance cocoa purchases ahead of the 2026/27 crop season, as it moves to restructure cocoa financing amid ongoing debt strains.

Cocoa decreased 5% to 4205.78 USD/T