Cocoa prices fell sharply on September 14, with December ICE NY cocoa closing down 3.46% to $5,640 and December ICE London cocoa down 2.86% to $4,250. This decline is attributed to adequate near-term supplies, fueled by increased output in the Ivory Coast, the world’s largest cocoa producer, which reported a record harvest of 2.06 million metric tons for the June 2025 to June 2026 period, a 30% increase from the previous year.
Farmers in the Ivory Coast shipped 2.14 million metric tons of cocoa from October 1, 2025, to September 13, 2026, representing an 18% increase year-on-year. However, a recent report indicated a decline of 45.8% in cocoa deliveries during the initial phase of the current marketing year, highlighting discrepancies in harvest timing. Additionally, global cocoa supplies are well-prepared against risks, with inventories at a near two-year high of 3.43 million bags.
Concerns linger over the quality and quantity of upcoming cocoa crops, particularly in Ghana, where the 2026/27 crop is expected to decrease by 13% to 650,000 metric tons. The impacts of adverse weather associated with El Niño are also a concern, raising the potential for reduced yields in the future.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
