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Rich Asplund

Cocoa Prices Plummet on Abundant Global Supplies

Ice the Ivory Coast London Ghana ICCO StoneX

July ICE NY cocoa (CCN26) on Friday closed down -187 (-4.46%), and July ICE London cocoa #7 (CAN26) closed down -76 (-2.44%).

Cocoa prices fell sharply on Friday, posting 1.5-week lows. Since posting 3.5-month highs on Monday, cocoa prices have retreated amid an outlook for abundant supplies. On Thursday, the Ivory Coast boosted its cocoa delivery estimate to 2.2 MMT for the 2025/26 season, up from a previous projection of 1.8-1.9 MMT, citing favorable weather. Losses in London cocoa were contained on Friday after the British pound (^GBPUSD) sold off to a 5-week low, boosting cocoa priced in sterling.

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