Cocoa Futures Edge Lower

2026-06-29 15:33 By Luisa Carvalho 1 min. read

Cocoa futures eased toward 4,900 per tonne, down from a five-month peak of nearly 5,250 per tonne hit on June 25, as stronger supply flows tempered concerns over the upcoming West African cocoa crop.

Latest data showed cocoa arrivals at ports in top grower Ivory Coast reached 1.910 million metric tons as of June 28 since the season began on October 1, up 18.4% from the same period last season.

Also, Nigerian cocoa exports rose +28% y/y to 18,034 MT in May.

But even with a projected surplus in 2026, cocoa prices remain volatile and sensitive to weather factors.

Recent heavy rains in Ivory Coast and Ghana have disrupted cocoa harvesting and transport by flooding roads and limiting access to farms and ports.

With June rainfall already nearing monthly averages, excessive moisture is also raising the risk of brown rot disease, potentially curbing yields.

Furthermore, the return of El Niño has once again placed cocoa among the agricultural commodities most vulnerable to climate shocks.



News Stream
Cocoa Futures Edge Lower
Cocoa futures eased toward 4,900 per tonne, down from a five-month peak of nearly 5,250 per tonne hit on June 25, as stronger supply flows tempered concerns over the upcoming West African cocoa crop. Latest data showed cocoa arrivals at ports in top grower Ivory Coast reached 1.910 million metric tons as of June 28 since the season began on October 1, up 18.4% from the same period last season. Also, Nigerian cocoa exports rose +28% y/y to 18,034 MT in May. But even with a projected surplus in 2026, cocoa prices remain volatile and sensitive to weather factors. Recent heavy rains in Ivory Coast and Ghana have disrupted cocoa harvesting and transport by flooding roads and limiting access to farms and ports. With June rainfall already nearing monthly averages, excessive moisture is also raising the risk of brown rot disease, potentially curbing yields. Furthermore, the return of El Niño has once again placed cocoa among the agricultural commodities most vulnerable to climate shocks.
2026-06-29
Cocoa Futures at Over 5-Month High
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.
2026-06-23
Cocoa Hits 4-week High
Cocoa increased to 4338.00 USD/T, the highest since May 2026. Over the past 4 weeks, Cocoa gained 14.1%, and in the last 12 months, it decreased 55%.
2026-06-17