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Barchart
Barchart
Rich Asplund

Cocoa Prices Sharply Lower on Improved Supply Outlook

July ICE NY cocoa (CCN26) on Thursday closed down -204 (-4.64%), and July ICE London cocoa #7 (CAN26) closed down -162 (-4.95%).

Cocoa prices sold off sharply to 1-week lows on Thursday after the Ivory Coast boosted its cocoa delivery estimate for this season.  The Ivory Coast now projects cocoa output of 2.2 MMT for the 2025/26 season, up from a previous projection of 1.8-1.9 MMT, citing favorable weather.  Also, a stronger dollar ($DXY) weighed on cocoa prices after the dollar index rallied to a 2-week high on Thursday.

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