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Rich Asplund

Cocoa Prices Slump on Projections of Higher Ivory Coast Cocoa Deliveries

Ice the Ivory Coast Ghana ICCO StoneX

July ICE NY cocoa (CCN26) today is down -188 (-4.28%), and July ICE London cocoa #7 (CAN26) is down -147 (-4.49%).

Cocoa prices are sharply lower today and dropped to 1-week lows 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) is weighing on cocoa prices after the dollar index rallied to a 2-week high today.

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