Cocoa Futures at Over 5-Month High

2026-06-23 13:43 By Luisa Carvalho 1 min. read

Cocoa futures traded around $5,050 per tonne, close to the highest since January, driven by short covering and weather-related supply concerns.

Traders continued to monitor the end of the mid-season harvest in West Africa, while also eyeing the September main crop amid mounting risks from El Niño.

Farmers in the world's largest producer, the Ivory Coast, have expressed concerns that recent above-average rainfall in the main producing areas could lead to flooding, higher disease incidence, and reduced cocoa bean quality during the final stretch of the mid-crop harvest.

While rainfall is essential for crop development, excessive moisture can encourage fungal diseases and pest activity, particularly during the critical stage of cocoa pod formation and ripening.

Another factor weighing was the drop in ICE-certified stocks at US ports, which fell by 3,828 bags to 2,914,908, suggesting tighter supply conditions.



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