July ICE NY cocoa (CCN26) on Thursday closed down -47 (-1.25%), and July ICE London cocoa #7 (CAN26) closed down -13 (-0.45%). Cocoa prices fell to 2.5-week lows on Thursday amid signs of abundant supplies. The Ivory Coast on Thursday boosted its estimate of cocoa that’s reached its ports by more than 260,000 MT so far this season. Cumulative data from the Ivory Coast now show that farmers shipped 1.95 MMT of cocoa to ports in the current marketing year (October 1, 2025, through June 7, 2026), up +18.9% from the same period a year ago.
Rising cocoa inventories are also bearish for prices. ICE cocoa inventories rose to a 1.75-year high of 2,929,074 bags last Friday.
