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Barchart
Barchart
Rich Asplund

Cocoa Prices Fall on the Outlook for Ample Global Supplies

Ice ICCO London NY Ivory Coast Ghana

December ICE NY cocoa (CCZ25) on Wednesday closed down -74 (-1.10%), and December ICE London cocoa #7 (CAZ25) closed down -40 (-0.85%).

Cocoa prices added to this week's losses on Wednesday, with NY cocoa posting an 11-month nearest-futures low and London cocoa posting a 19-month low.  The outlook for abundant global cocoa supplies is hammering cocoa prices.  Cocoa deliveries in Ghana, the world's second-largest cocoa producer, have surged and are weighing on prices.  Cocoa arrivals to ports in Ghana in the four weeks ending September 4 reached 50,440 MT compared to about 11,000 MT delivered in the same period in 2024.

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