Cocoa Futures at Over 1-Month Low

2026-09-16 09:06 By Luisa Carvalho 1 min. read

Cocoa futures fell below $5,400 per tonne, their lowest since late July, amid signs of abundant short-term supply.

ICE cocoa inventories stand at a two-year high of around 3.43 million bags.

Moreover, Ivory Coast cocoa shipments reached 2.14 million metric tons in the current international marketing year through Sept. 13, up 18% from a year earlier, according to Bloomberg.

Meanwhile, the market continues to monitor crop diseases, excessive rainfall, and plantation conditions across West Africa.

The outlook for the 2026/27 season remains uncertain, with weather risks, particularly the development of the El Niño weather pattern, threatening crops in the Ivory Coast and Ghana.

This year’s strong El Niño could intensify the dry harmattan winds, which typically arrive in the region around November.

This would mark a shift from excessive moisture to conditions that could threaten the final stages of the main crop, which typically runs from October to March.



News Stream
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