Cocoa Market News

Ivory Coast, the world's largest cocoa producer, has received a credit rating upgrade from S&P Global Ratings, according to a report from Bloomberg. The rating upgrade was boosted by soaring cocoa prices and rising exports. The move sees the West African nation inch closer to investment-grade

Improved growing conditions ease supply concerns, sending cocoa futures sharply lower Cocoa prices experienced a steep decline this week as beneficial rains across West Africa, a crucial cocoa-growing region, alleviated concerns about tight global supplies. The improved crop prospects prompted a sell-off in cocoa futures, pushing prices down sharply from

ICCO forecasts continued tight supply for 2023/24 cocoa year, keeping prices elevated The global cocoa market is poised for another year of tight supply, with the International Cocoa Organization (ICCO) forecasting a deepening production deficit and dwindling stockpiles. This prediction, released in the August edition of the Quarterly Bulletin

Ghana, the world's second-largest cocoa producer, is facing a deepening supply crisis and is set to delay delivery of up to 350,000 tons of cocoa beans to the next season, according to a report by Reuters citing sources familiar with the matter. This decision further exacerbates the

The global cocoa market is facing a significant deficit, with lower production and a slowdown in processing activities at origin putting pressure on supplies, according to the latest statistics released by the International Cocoa Organization (ICCO). The report forecasts a larger-than-expected deficit for the 2023/24 cocoa year, driven by

A new European Union law aimed at curbing deforestation linked to cocoa production is threatening to further increase chocolate prices, already at record highs due to supply shortages and surging...

Cocoa prices have experienced a dramatic downturn, with a nearly 29% drop over the past week, as buyers retreat from the market amidst historically high prices and dwindling liquidity, according to a report by the Wall Street Journal. "After a monthslong rally in crop prices, which sent prices up

The global cocoa market is facing significant challenges as traders grapple with a severe shortage of cocoa beans and skyrocketing costs for securing long-term supply contracts, according to a report by the Financial Times. The report highlights the extreme volatility in cocoa prices, with recent plunges of over 25% followed