**Cocoa Prices Decline Amid Strong Dollar and Supply Concerns**
Cocoa prices fell on March 2, 2026, with ICE NY March cocoa down 1.97% to $5,961 per metric ton and ICE London March cocoa down 1.49% to $4,294 per metric ton. This drop comes after a sharp rally earlier in the week, influenced by dollar strength and indications of reduced cocoa supplies from the Ivory Coast, the world’s largest cocoa producer.
The Ivory Coast shipped 1.073 million metric tons (MMT) of cocoa from October 1 to January 4, a 3.3% decline from 1.11 MMT during the same period last year. Additionally, expectations for significant investment following the inclusion of cocoa futures in the Bloomberg Commodity Index could attract up to $2 billion in buying. However, cocoa demand is weak, further pressured by recent reports indicating a significant decline in cocoa grindings across Asia and Europe.
