Independent daily cocoa market reports covering New York and London futures, price action, spreads, volume, open interest, arrivals, stocks, weather, trade flows and the outlook for the next trading session.
Cocoa Daily Report
* Grind data highlights increasing regional divergence in demand: Europe Q1 grind -7.8% y/y, with Germany -8.7% * Asia provides a key offset, with Q1 grind +5.2% y/y * North America adds to bearish demand signals, with Q1 grindings -3.8% y/y, * Barry Callebaut reports continued volume
Cocoa Daily Report
* Cocoa futures eased on 15-Apr * European cocoa grindings for Q1 2026 were released after the close, showing 325,895 tons, down -7.9% y/y, weaker than expectations of -3% to -7% * Malaysia reported stronger Q1 grindings earlier in the week, up +8.7% y/y to 91,496
Cocoa Daily Report
* Malaysia Q1 cocoa grindings rose 8.7% y/y to 91,496 tons, and increased 15% q/q from 79,528 tons in Q4 2025, significantly exceeding expectations. * A Bloomberg survey indicates ECA grindings are expected to fall 6% * Expana highlights favorable crop conditions in Ghana * In Ivory Coast, crop
Cocoa Daily Report
Cocoa futures extended their recovery into the latest session, with both London and New York markets posting consistent gains across the front and mid-curve. The move has been orderly rather than impulsive, with price action supported by strong volume, particularly in New York while remaining capped below key technical
Cocoa Daily Report
* Expana sees cocoa market conditions stabilizing * TRS reports mid-crop output is estimated at ~400,000 metric tonnes * Expana has raised its 2025/26 global surplus forecast by 20,000 tonnes to 164,000 tonnes * West African weather remains mixed * Logistics are improving, with the Coffee and Cocoa Council increasing
Cocoa Daily Report
* Cocoa futures rebounded sharply * Ivory Coast arrivals reaching approximately 1.45 million tonnes * With early estimates pointing to a roughly 5% year-on-year decline in Easter chocolate sales * Weather conditions in West Africa are broadly supportive * In Ghana, Minority Chief Whip Frank Annoh-Dompreh questioned whether recent price declines
Cocoa Daily Report
Cocoa futures traded in a volatile but ultimately indecisive session. Prices initially extended higher, testing the 3350 area, before encountering resistance and reversing sharply lower toward 3200. The market later stabilized and partially recovered, settling back into the 3240–3250 range. The price action reflects continued uncertainty, with intraday strength
Cocoa Daily Report
* NY cocoa extends rebound, London lags, closing slightly lower across tenors * Demand signal improves, as The Hershey Company indicates a return to traditional chocolate recipes * West Africa weather supportive * Exports remain robust, with Ivorian raw bean shipments up +11.56% y/y, though product mix shows divergence (paste -7.14%
Cocoa Daily Report
* Cocoa futures rebounded sharply on March 31, with NY May gaining around 3–4% in a short-covering rally * Ivory Coast cocoa arrivals for the 2025/26 season reached about 1.423 million tonnes as of March 29, down 1.2% year-on-year * Demand outlook remains weak, with preliminary
Cocoa Daily Report
* Ivory Coast cocoa arrivals reached 1.423 million tons as of March 29, down 1.2% year-on-year * Farmers continue to sell actively despite lower farmgate prices * Weather conditions are improving * Demand remains weak, with first-quarter grinding expected to decline across Europe, Asia, and North America Cocoa futures
Cocoa Daily Report
News flow into the end of the week remained relatively light, with no major market-moving developments, reinforcing the predominantly technical nature of recent price action. Weather conditions in West Africa continue to be mixed. According to CRA, cumulative 30-day rainfall in Ivory Coast and Ghana is at or
Cocoa Daily Report
The absence of fundamental drivers confirms that the 26 March rebound was purely technical and positioning-driven, rather than a reaction to new information. The prior session (25 March) reflected aggressive selling with rising open interest, pointing to new short positioning. The subsequent recovery on 26 March, in the absence