September ICE NY cocoa (CCU26) closed down -73 (-1.41%) on Thursday, and September ICE London cocoa #7 (CAU26) closed down -92 (-2.33%).
Cocoa prices settled lower on Thursday and are just above Tuesday’s 3.5-week lows. Cocoa prices have been under pressure over the past two weeks and posted 3.5-week lows on Tuesday on signs of larger global cocoa supplies amid suspect demand. Monday’s cumulative data from the Ivory Coast showed that farmers shipped 2.11 MMT of cocoa to ports in the current marketing year (October 1, 2025, through July 26, 2026), up +21% from the same period a year ago. Also, Bloomberg reported on July 16 that Nigerian cocoa exports in June rose 30% y/y to 18,922 MT.
