* Cocoa futures surged to three-and-a-half-month highs on 11 May * The National Oceanic and Atmospheric Administration estimates a 61% probability that El Niño conditions will develop between May and July * There is a 25% probability that El Niño could intensify into a particularly strong event * Early field surveys indicate below-average cherelle
Cocoa Breaking News
Cocoa farmers across Ivory Coast are becoming increasingly concerned that the country’s 2026 mid-crop may be smaller than previously expected as irregular and below-average rainfall continues to affect several key producing regions. Although cocoa trees are carrying a satisfactory number of pods, insufficient moisture is limiting bean development and
Articles
Rising El Niño probabilities could threaten West African cocoa production just as the market enters the 2026/27 season with thin inventories and fragile crop conditions.
Daily Cocoa Reports and News
* Cocoa futures fell sharply on Friday * Ghana is preparing a $1 billion local-currency bond to provide COCOBOD with liquidity to finance cocoa purchases and maintain farm support programs ahead of the 2026/27 season. * COCOBOD is reportedly carrying approximately 673 million cedis ($60 million) in debt, while some farmers are
Daily Cocoa Reports and News
* London cocoa outperformed New York, with most London contracts rising more than 5% while New York gained around 2% across the curve. * Reuters reported that Ghana’s state-owned cocoa buyer PBC is facing severe financial distress and potential asset seizures after accumulating substantial debts, raising concerns over internal cocoa purchasing
Cocoa Breaking News
Ghana’s cocoa sector is facing mounting financial stress as delayed farmer payments and debt problems at a major state-linked buying company threaten confidence across the supply chain. The Produce Buying Company (PBC), one of the country’s largest licensed cocoa purchasers, is reportedly struggling to continue operations after accumulating
Daily Cocoa Reports and News
Cocoa futures extended their strong recovery this week, with New York Jul-26 cocoa rising 5.29% on 06-May after already gaining 4.02% during the previous session. London Jul-26 cocoa also advanced another 1.01% following its massive 14.83% surge on 05-May. The move confirmed continued aggressive repricing across
Daily Cocoa Reports and News
Cocoa futures extended their powerful recovery rally on Tuesday, with New York Jul-26 cocoa settling at 4,061 after trading as high as 4,127 intraday. The session marked another strong advance following Monday’s broad repricing move, although momentum slowed noticeably into the close as the market entered a
Daily Cocoa Reports and News
• New York cocoa Jul contract settles at 3,905, up +8.51% (+$306/ton) • Supply outlook tightens as fertilizer availability concerns build • El Niño risk rising, increasing threat to global cocoa production • Market pricing in elevated weather-related disruption risk • Ecuador mid-crop forecast cut on adverse weather conditions • Ivory Coast arrivals
Cocoa Breaking News
Ivory Coast’s cocoa mid-crop is facing increasing risk due to prolonged dry weather, with farmers warning that insufficient rainfall could reduce both yield and bean quality in the coming months. According to Reuters, below-average rainfall across most cocoa-growing regions has disrupted crop development during a critical phase of the
Cocoa Breaking News
Cocoa arrivals at ports in Ivory Coast, the world’s leading cocoa producer, are showing a marginal decline for the 2025/26 season. Recent data indicates that cumulative arrivals reached approximately 1.534 million metric tons by May 3, reflecting a slight decrease of 0.1% compared to the same
Daily Cocoa Reports and News
Cocoa futures extended their recent recovery on Friday, with prices initially pushing higher before transitioning into a tight consolidation near session highs. New York futures gained roughly 0.7% to 0.8% across the curve, lifting the front months toward the 3600 area, supported by follow-through buying after the prior