
March ICE NY cocoa (CCH26) on Monday closed down -95 (-2.26%), and March ICE London cocoa #7 (CAH26) closed down -94 (-3.08%).
Cocoa prices settled lower on Monday as they consolidated above their recent significant lows. On January 30, NY cocoa dropped to a 2.25-year nearest-futures low, and London cocoa sank to a 2.5-year low, as abundant global supplies and slack demand weigh on cocoa prices. On January 29, StoneX forecasted a global cocoa surplus of 287,000 MT in the 2025/26 season and a 267,000 MT surplus for 2026/27. Also, the International Cocoa Organization (ICCO) reported on January 23 that global cocoa stocks rose 4.2% y/y to 1.1 MMT.