{"id":24994,"date":"2025-10-28T19:48:00","date_gmt":"2025-10-28T23:48:00","guid":{"rendered":"https:\/\/sharewatch.com\/wp\/2025\/10\/28\/cocoa-prices-fall-on-favorable-west-africa-growing-conditions\/"},"modified":"2025-10-28T19:48:00","modified_gmt":"2025-10-28T23:48:00","slug":"cocoa-prices-fall-on-favorable-west-africa-growing-conditions","status":"publish","type":"post","link":"https:\/\/sharewatch.com\/wp\/2025\/10\/28\/cocoa-prices-fall-on-favorable-west-africa-growing-conditions\/","title":{"rendered":"Cocoa Prices Fall on Favorable West Africa Growing Conditions"},"content":{"rendered":"<div class=\"layout__region nsdq-l-grid__item syndicated-article-body\">\n<section class=\"jupiter22-c-article-body\">\n<div class=\"body\">\n<div class=\"body__content\">\n<p>December ICE NY cocoa (CCZ25) on Tuesday closed down -180 (-2.91%), and December ICE London cocoa #7 (CAZ25) closed down -113 (-2.58%).<\/p>\n<p>Cocoa prices on Tuesday extended Monday&#8217;s sell-off amid expectations of a global cocoa surplus driven by favorable West African weather and harvests. \u00a0Weather forecaster Vaisala on Monday forecasted scattered showers in the coming days in southern Nigeria and Cameroon.<\/p>\n<div class=\"ads__inline\">\n<div id=\"js-dfp-tag-LVw\"  class=\"btf-bodymidpagetwothirdswidth-1\">          <script type=\"text\/javascript\">         googletag.cmd.push(function() {             \/\/ Check if ID matches ID in the window.adsList array before calling googletag.display             function isAdInAdsList(id) {             for (var i = 0; i < window.adsList.length; i++) {                 if (window.adsList[i].id === id) {                     return true;                 }             }             return false;         }         if (isAdInAdsList('js-dfp-tag-LVw')) {             googletag.display('js-dfp-tag-LVw');         }         });     <\/script> <\/div>\n<\/p><\/div>\n<p>     <span>Don\u2019t Miss a Day: <\/span> From crude oil to coffee, sign up free for Barchart\u2019s best-in-class commodity analysis.  <\/p>\n<p>\u00a0<\/p>\n<p>Chocolate maker Mondelez recently said that the latest cocoa pod count in West Africa is 7% above the five-year average and \"materially higher\" than last year's crop. \u00a0The harvest of the Ivory Coast's main crop has just begun, and farmers are optimistic about its quality.<\/p>\n<p>Cocoa prices have support from a slowdown in cocoa exports from the Ivory Coast, the world's largest cocoa producer. \u00a0Monday's government data showed that Ivory Coast farmers shipped 215,219 MT of cocoa to ports this new marketing year, from October 1 through October 26, down -24% from 284,633 MT in the same period a year ago.<\/p>\n<p>Tighter cocoa inventories are supportive for prices after ICE-monitored cocoa inventories held in US ports fell to a 7-month low of 1,836,163 bags on Tuesday.<\/p>\n<p>Weak global cocoa demand is bearish for prices. \u00a0The Cocoa Association of Asia on October 17 reported that Q3 Asia cocoa grindings fell -17% y\/y to 183,413, the smallest grindings for a Q3 in 9 years. \u00a0The European Cocoa Association on October 16 reported that Q3 European cocoa grindings fell -4.8% y\/y to 337,353 MT, the lowest for a third quarter in 10 years. \u00a0The National Confectioners Association reported that Q3 North American coca grindings rose +3.2% y\/y to 112,784 MT, but the addition of new reporting companies skewed the data.<\/p>\n<div class=\"ads__inline\">\n<div id=\"js-dfp-tag-aUs\"  class=\"btf-bodymidpagetwothirdswidth-2\">          <script type=\"text\/javascript\">         googletag.cmd.push(function() {             \/\/ Check if ID matches ID in the window.adsList array before calling googletag.display             function isAdInAdsList(id) {             for (var i = 0; i < window.adsList.length; i++) {                 if (window.adsList[i].id === id) {                     return true;                 }             }             return false;         }         if (isAdInAdsList('js-dfp-tag-aUs')) {             googletag.display('js-dfp-tag-aUs');         }         });     <\/script> <\/div>\n<\/p><\/div>\n<p>Cocoa prices have been under pressure over the past two months amid fears that high cocoa prices and tariffs could dampen chocolate demand. \u00a0North American sales volume of chocolate candy was down more than -21% in the 13 weeks ending September 7, compared to the same period last year, according to data from research firm Circana.<\/p>\n<p>Cocoa deliveries in Ghana have surged, weighing on prices. \u00a0Cocoa arrivals to ports in Ghana in the four weeks ending September 4 reached 50,440 MT compared to about 11,000 MT delivered in the same period in 2024. \u00a0Ghana is the world's second-largest producer of cocoa.<\/p>\n<p>A supportive factor for cocoa is lower cocoa production in Nigeria, the world's fifth-largest cocoa producer. \u00a0Nigeria's Cocoa Association projects that Nigeria's 2025\/26 cocoa production will fall by -11% y\/y to 305,000 MT from a projected 344,000 MT for the 2024\/25 crop year. \u00a0In related news, Nigeria reported that its August cocoa exports rose +15% y\/y to 17,239 MT. \u00a0<\/p>\n<p>On May 30, the International Cocoa Organization (ICCO) revised its 2023\/24 global cocoa deficit to -494,000 MT, the largest deficit in over 60 years. \u00a0ICCO said 2023\/24 cocoa production fell by -13.1% y\/y to 4.380 MMT. \u00a0ICCO stated that the 2023\/24 global cocoa stocks-to-grindings ratio declined to a 46-year low of 27.0%. \u00a0For 2024\/25, ICCO estimated a global cocoa surplus of 142,000 MT, marking the first surplus in four years. \u00a0ICCO also said global cocoa production in 2024\/25 rose by +7.8% y\/y to 4.84 MMT.\u00a0<\/p>\n<p><i>     On the date of publication,      Rich Asplund              did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes.          For more information please view the Barchart Disclosure Policy      here. <\/i><\/p>\n<p>\u00a0<\/p>\n<div class=\"ads__inline\">\n<div id=\"js-dfp-tag-YWw\"  class=\"btf-bodymidpagetwothirdswidth-3\">          <script type=\"text\/javascript\">         googletag.cmd.push(function() {             \/\/ Check if ID matches ID in the window.adsList array before calling googletag.display             function isAdInAdsList(id) {             for (var i = 0; i < window.adsList.length; i++) {                 if (window.adsList[i].id === id) {                     return true;                 }             }             return false;         }         if (isAdInAdsList('js-dfp-tag-YWw')) {             googletag.display('js-dfp-tag-YWw');         }         });     <\/script> <\/div>\n<\/p><\/div>\n<p> More news from Barchart <\/p>\n<ul>\n<li>Corn and Soybean Rallies Just Gave Winter Wheat and Soybean Meal a Kick. What Comes Next?<\/li>\n<li>Has the US Soybean Market Been Fundamentally Changed?<\/li>\n<li>How Much Higher Can Wheat Prices Go Now?<\/li>\n<li>As the Harvest Reaches a Halfway Point, Corn Is Heading Into a \u2018Buy\u2019 Zone<\/li>\n<\/ul>\n<p class=\"body__disclaimer\">The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/section>\n<p>        <script type=\"text\/javascript\">   \/\/ add oddAd class to every odd instance of body .ads__inline for different placeholder styles   let articleAds = document.querySelectorAll('.ads__inline');   for (let i = 0, len = articleAds.length; i < len; i++) {     \/\/ Do the below only if the curent count is less than 12     if ((i < 12) &#038;&#038; (i % 2 === 0)) {       articleAds[i].className += ' oddAd';     }   } <\/script>                                               <\/p>\n<div class=\"jupiter22-c-tags jupiter22-c-tags-default\">\n<h3 class=\"jupiter22-c-tags-title\">         Tags       <\/h3>\n<div class=\"jupiter22-c-tags-container\">Stocks<\/div>\n<\/p><\/div>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>December ICE NY cocoa (CCZ25) on Tuesday closed down -180 (-2.91%), and December ICE London cocoa #7 (CAZ25) closed down -113 (-2.58%). Cocoa prices on Tuesday extended Monday&#8217;s sell-off amid expectations of a global cocoa surplus driven by favorable West African weather and harvests. \u00a0Weather forecaster Vaisala on Monday forecasted scattered showers in the coming [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":24995,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[18],"tags":[],"class_list":["post-24994","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock","entry","has-media"],"_links":{"self":[{"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/posts\/24994","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/comments?post=24994"}],"version-history":[{"count":0,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/posts\/24994\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/media\/24995"}],"wp:attachment":[{"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/media?parent=24994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/categories?post=24994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/tags?post=24994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}