Cocoa Futures Hover Around $4,000

2026-06-01 13:49 By Luisa Carvalho 1 min. read

Cocoa futures traded above $4,000 per tonne, extending their recent recovery from multi-month lows, as the market weighed lingering weather-related risks against improving supply prospects.

Market participants remain focused on the possible impacts of the El Niño phenomenon, as it could hurt cocoa crops in Ivory Coast and Ghana, which produce more than 60% of the world's cocoa.

On the other hand, prospects for a recovery in African cocoa production in 2025/26 are limiting further price gains.

Farmers in Ivory Coast reported rainfall was mainly below average last week in most of the country's cocoa growing regions but it was sufficient to boost the size and quality of the March-to-August mid-crop.

At the same time, there were signs of increased global inventories.

Latest data showed ICE cocoa inventories rose further to a near two-year high of 2,846,957 bags by May 29.



News Stream
Cocoa Futures Hover Around $4,000
Cocoa futures traded above $4,000 per tonne, extending their recent recovery from multi-month lows, as the market weighed lingering weather-related risks against improving supply prospects. Market participants remain focused on the possible impacts of the El Niño phenomenon, as it could hurt cocoa crops in Ivory Coast and Ghana, which produce more than 60% of the world's cocoa. On the other hand, prospects for a recovery in African cocoa production in 2025/26 are limiting further price gains. Farmers in Ivory Coast reported rainfall was mainly below average last week in most of the country's cocoa growing regions but it was sufficient to boost the size and quality of the March-to-August mid-crop. At the same time, there were signs of increased global inventories. Latest data showed ICE cocoa inventories rose further to a near two-year high of 2,846,957 bags by May 29.
2026-06-01
Cocoa is down by 5.03%
Cocoa decreased 5.03% to 3892.97 USD/T
2026-05-29
Cocoa Futures on the Rise
Cocoa futures rose toward $4,180 per tonne, the highest in nearly two weeks, driven by weather-related factors and intense short covering. The main trigger came from the Ivory Coast, the world’s largest cocoa producer, where heavy rains caused flooding in key growing regions, disrupting farming activity and logistics and raising concerns over supply flows and quality. The market has also increasingly priced in climate risks, with the potential formation of an El Niño event returning to focus and raising concerns over West African cocoa crop in the coming months. The phenomenon is associated with volatile global weather patterns, including both excess rainfall and drought conditions depending on the region. Nevertheless, signs of abundant cocoa supplies limited the upside. ICE cocoa inventories rose to a 1.75-year high of 2,745,277 bags as of May 26.
2026-05-27