December ICE NY cocoa (CCZ25) on Tuesday closed down -249 (-3.56%), and December ICE London cocoa #7 (CAZ25) closed down -120 (-2.47%).
Cocoa prices fell sharply on Tuesday, with NY cocoa posting an 11-month nearest-futures low and London cocoa posting a 19-month low. 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.
