Cocoa Futures Fall Near $3,800 a Tonne as Ivory Coast Lifts 2025/26 Output View
Updated
Updated · TradingView · May 22
Cocoa Futures Fall Near $3,800 a Tonne as Ivory Coast Lifts 2025/26 Output View
4 articles · Updated · TradingView · May 22
$3,800-per-tonne cocoa futures hovered near their lowest since early May, pressured by better supply expectations and still-soft global demand.
Ivory Coast on May 14 raised its 2025/26 cocoa delivery estimate to 2.1-2.2 million tonnes from 1.8-1.9 million, citing favorable weather in the top grower.
ICE cocoa inventories also climbed to 2,668,548 bags, a 1.75-year high that points to ample near-term availability.
The weaker market still faces supply risks: fertilizer shortages, possible El Niño disruption and unpaid Ivory Coast farmers with unsold beans could hurt the next harvest.
Is today's cocoa surplus a calm before the storm of a massive price shock?
Cocoa prices have crashed. Are chocolate companies just pocketing the savings?
Farmers are abandoning cocoa for gold. Could this lead to the end of affordable chocolate?