Cocoa Futures Fall

2026-09-02 14:39 By Luisa Carvalho 1 min. read

Cocoa futures traded below $6,200 per tonne, hovering close to their lowest in over a week, on profit-booking and signs of improving supplies.

Latest data showed Ivory Coast farmers shipped 2.14 MMT of cocoa to ports through August 30, 19% more than a year earlier.

The country also plans to boost processing capacity to 1.3 MMT in 2026/27 from 650,000 MT.

Meanwhile, ICE inventories climbed to a two-year high of 3,411,776 bags as of September 1.

Still, concerns over West African cocoa supply persisted as heavy rainfall and high humidity increased disease risks and weakened pod development, threatening production from both the current and next crops.

A strong El Niño could delay the rains and extend dry spells across major West African producers, with stronger Harmattan winds placing additional stress on crops.



News Stream
Cocoa Futures Hover Around $5,600
Cocoa futures stabilized around $5,600 a tonne, close to their lowest since early October, amid signs of rising inventories. ICE cocoa inventories have steadily expanded since the start of the year, reaching a 2.5-year high of 3,635,354 bags by October 21. Still, signs of improving demand and concerns over West African supplies limted the downside. Cocoa grindings across key processing regions rose 14.3% in Q3, beating market expectations as Asian processing jumped 29.2% and European volumes increased by 3.2%. North America was the exception, recording a 2.5% decline. On the supply side, concerns are mounting over the 2026/27 West African cocoa crop. Below-average rainfall in the Ivory Coast has raised fears of weaker pod development, while Ghana is also facing a potentially smaller harvest amid weather-related stress and crop disease. The expected strong impact of El Niño adds further uncertainty.
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Cocoa Futures Hover Around $5,700
Cocoa prices traded around $5,700 a tonne following recent volatility, remaining well above February’s lows, supported by signs of improving demand and concerns over West African supplies. Third-quarter grindings rose a stronger-than-expected 14.3% across key processing regions, led by a 29.2% jump in Asia and a 3.2% rise in Europe, although North American processing declined 2.5%. On the supply side, concerns over the 2026/27 crop persist, as below-average rainfall in Côte d’Ivoire and Ghana and the potential impact of El Niño raise the risk of lower production. Meanwhile, ICE-monitored cocoa inventories continued to rise, reaching 3,593,964 bags on October 16, their highest level in more than two years.
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