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Barchart
Barchart
Rich Asplund

The Outlook for Abundant Cocoa Supplies Weighs on Prices

July ICE NY cocoa (CCN26) today is down -193 (-4.61%), and July ICE London cocoa #7 (CAN26) is down -76 (-2.44%).

Cocoa prices are falling sharply today, posting 1.5-week lows.  Since posting 3.5-month highs on Monday, cocoa prices have retreated amid an outlook for abundant supplies.  On Thursday, the Ivory Coast boosted its cocoa delivery estimate to 2.2 MMT for the 2025/26 season, up from a previous projection of 1.8-1.9 MMT, citing favorable weather.  Losses in London cocoa are contained after the British pound (^GBPUSD) sold off to a 5-week low today, boosting cocoa priced in sterling.

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