Ivory Coast Cocoa Arrivals Decline 1.2% as of March 22

Cocoa arrivals at ports in Ivory Coast, the world’s leading producer, reached approximately 1.423 million metric tonnes by March 29, marking a 1.2% decline compared to the same period last season.

Recent weekly delivery data shows a notable increase in volumes. Between March 23 and March 29, around 14,000 tonnes of cocoa were delivered to Abidjan port, while San Pedro received approximately 17,000 tonnes. Combined arrivals for the week totaled 31,000 tonnes, up from 14,000 tonnes recorded during the previous week.

Exporters indicate that arrivals have accelerated in recent weeks, driven by a mid-crop harvest that began roughly a month earlier than usual, around March 4. This early start prompted farmers to release beans that had previously been held back earlier in the season.

Market participants report that strong demand has persisted since February and is expected to continue. One industry source noted that buying activity has intensified following regulatory developments at the start of the season, contributing to higher arrival volumes.

Despite a significant drop in farmgate prices to approximately 1,200 CFA francs ($2.12) per kilogram, farmers have continued selling at a steady pace. Limited financial capacity to hold inventories has constrained their ability to delay sales.

Market conditions appear stable overall. Exporters report consistent bean quality and grading, while industry estimates suggest that around 100,000 metric tonnes of cocoa were purchased during March alone. This has helped ease concerns over potential supply shortages.

Looking ahead, buying activity is expected to strengthen further in April, supported by companies replenishing depleted stocks.