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Rich Asplund

Cocoa Prices Pressured by Adequate Supplies and Tepid Demand

Ice London NY the Ivory Coast Ghana ICCO

May ICE NY cocoa (CCK26) on Thursday closed down -34 (-1.06%), and May ICE London cocoa #7 (CAK26) closed down -25 (-1.05%).

Cocoa prices settled lower on Thursday as they consolidated this week's losses. On Tuesday, NY cocoa fell to a 1-month low, and London cocoa dropped to a 2-week low. An increase in cocoa supplies from the Ivory Coast is bearish for cocoa prices after cumulative data from the Ivory Coast showed that farmers shipped 1.45 MMT of cocoa to ports in the current marketing year (October 1, 2025, through April 4, 2026), up +0.7% from 1.44 MMT in the same period a year ago.

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