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.
Daily Cocoa Market Reports
* Cocoa futures rebounded on 22-Apr, rising roughly 2–3.5% across New York and London * In Ghana, payment delays of up to six months are constraining farmers’ ability to harvest and deliver beans despite improved mid-crop yields * In Ivory Coast, authorities are considering shifting to quarterly farmgate price
Daily Cocoa Market Reports
* Cocoa futures reversed on 21-Apr, with both New York and London declining across the curve * Demand signals are improving in emerging markets * Ghana trade data shows strong growth in processed cocoa exports in value terms * Expana cut its 2025/26 global surplus estimate by 14,000 tons * Cameroon farmgate
Daily Cocoa Market Reports
* New York nearby contracts rose roughly +1.5% to +2.0%, while London gained +1.5% to +2.7% * Ivory Coast cocoa arrivals reached 1.482 million metric tons by April 19, broadly flat year-on-year (+0.1%), signaling steady overall supply flow. * The Cocoa Association (CRA) maintained a
Daily Cocoa Market Reports
* Cocoa extends losses: New York July futures settle near $3,280/t, down over 5% on the day, with the front end continuing to lead the decline. * Ecuador March exports rise 2.2% y/y, with crop-year shipments up 3.0% * Brazil grind falls 0.8% y/y * Europe
Daily Cocoa Market Reports
* 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
Daily Cocoa Market Reports
* 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
Daily Cocoa Market Reports
* 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
Daily Cocoa Market Reports
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
Daily Cocoa Market Reports
* 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
Daily Cocoa Market Reports
* 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
Daily Cocoa Market Reports
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
Daily Cocoa Market Reports
* 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%