Cocoa Futures Higher

2026-08-17 08:44 By Luisa Carvalho 1 min. read

Cocoa futures rose toward $5,800 per tonne, supported by a weaker US dollar and falling inventories, alongside concerns over the 2026/27 crop outlook.

Although the current season has seen a substantial improvement in supply, traders are increasingly pricing in the possibility of tighter conditions next season as weather risks build across West Africa.

In Ivory Coast, farmers have warned that plantations need more sunshine following a period of below-average rainfall and cooler temperatures, with continued unfavorable conditions potentially hampering development of the September-to-February main crop.

The developing El Niño pattern is adding to production risks, prompting StoneX in late July to cut its estimate for the 2026/27 global cocoa surplus to 25,000 MT from 149,000 MT in April.

Limiting the upside, however, COCOBOD’s new financing model has eased concerns that liquidity constraints in Ghana could disrupt cocoa purchases and exports.



News Stream
Cocoa Futures Higher
Cocoa futures rose toward $5,800 per tonne, supported by a weaker US dollar and falling inventories, alongside concerns over the 2026/27 crop outlook. Although the current season has seen a substantial improvement in supply, traders are increasingly pricing in the possibility of tighter conditions next season as weather risks build across West Africa. In Ivory Coast, farmers have warned that plantations need more sunshine following a period of below-average rainfall and cooler temperatures, with continued unfavorable conditions potentially hampering development of the September-to-February main crop. The developing El Niño pattern is adding to production risks, prompting StoneX in late July to cut its estimate for the 2026/27 global cocoa surplus to 25,000 MT from 149,000 MT in April. Limiting the upside, however, COCOBOD’s new financing model has eased concerns that liquidity constraints in Ghana could disrupt cocoa purchases and exports.
2026-08-17
Cocoa Traders Balance Crop Risks and Supply Outlook
Cocoa prices eased to around $5,700 per tonne, leaving the market little changed for the year as traders continued to assess crop prospects and weather risks. Attention remained focused on the outlook for the 2026/27 season, with expectations of lower production potentially helping to rebalance the market following a substantial global surplus in 2025/26. Production forecasts for major growers Ivory Coast and Ghana have already been reduced, while adverse weather is adding to concerns over the next crop. In Ivory Coast, below-average rainfall, overcast conditions and a recent spell of colder weather have raised concerns about the development of the September-to-February main crop, according to farmers. Supply risks are also emerging elsewhere, with estimates suggesting that Ecuador, Peru and Southeast Asia could collectively produce around 100,000 tonnes less cocoa next season.
2026-08-10
Cocoa Futures Hover Near 1-Month High
Cocoa prices traded around $5,800 per tonne, close to their highest in nearly a month, influenced by crop forecasts and ongoing climate risks. Supply concerns have intensified in the key producing region of West Africa after Ghana's cocoa regulator COCOBOD projected a decline of at least 16% in 2026/27 cocoa production due to unfavorable weather, disease, ageing plantations, illegal mining, and the crop's natural yield cycle. Expectations of a more than 10% drop in Ivory Coast's output next season, along with the risk of excessive rainfall boosting disease pressure, further supported prices. Additionally, concerns mounted that Ecuador, Peru and Southeast Asia could together produce 100,000 tons less cocoa.
2026-08-06