{"id":27658,"date":"2025-11-26T21:05:00","date_gmt":"2025-11-27T02:05:00","guid":{"rendered":"https:\/\/sharewatch.com\/wp\/2025\/11\/26\/cocoa-prices-fall-as-eu-delays-deforestation-rules\/"},"modified":"2025-11-26T21:05:00","modified_gmt":"2025-11-27T02:05:00","slug":"cocoa-prices-fall-as-eu-delays-deforestation-rules","status":"publish","type":"post","link":"https:\/\/sharewatch.com\/wp\/2025\/11\/26\/cocoa-prices-fall-as-eu-delays-deforestation-rules\/","title":{"rendered":"Cocoa Prices Fall as EU Delays Deforestation Rules"},"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>March ICE NY cocoa (CCH26) on Wednesday closed down -6 (-0.12%), and December ICE London cocoa #7 (CAZ25) closed down -10 (-0.27%).<\/p>\n<p>Cocoa prices settled lower on Wednesday but remained above last Wednesday&#8217;s 1.75-year nearest-future lows after the European Parliament approved a 1-year delay to the deforestation law, keeping cocoa supplies ample. \u00a0The EU regulation, known as EUDR, aims to tackle deforestation in countries whose imports into the EU include key commodities such as soybeans and cocoa. \u00a0The delay of the EUDR will allow EU countries to continue importing agricultural products from regions in Africa, Indonesia, and South America where deforestation is occurring.<\/p>\n<div class=\"ads__inline\">\n<div id=\"js-dfp-tag-I20\"  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-I20')) {             googletag.display('js-dfp-tag-I20');         }         });     <\/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>Expectations of a bumper cocoa crop in West Africa are also undercutting cocoa prices. \u00a0Reports from Ivory Coast cocoa farmers stated that cocoa trees are doing well, and recent dry weather helped harvested beans dry, while cocoa farmers in Ghana said favorable weather is allowing cocoa pods to develop quickly. \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 were undercut after the Trump administration announced on November 14 that it dropped the 10% reciprocal tariffs on commodities not grown in the US, including cocoa, and also the 40% tariff on food imports from Brazil. \u00a0Brazil is among the world's top 10 cocoa-producing countries.<\/p>\n<p>Reduced cocoa arrivals at ports in the Ivory Coast support cocoa prices. \u00a0Monday's government data showed that Ivory Coast farmers shipped 618,899 MT of cocoa to ports this new marketing year, from October 1 through November 23, down -3.7% from 642,500 MT in the same period a year ago. \u00a0The Ivory Coast is the world's largest cocoa producer.<\/p>\n<div class=\"ads__inline\">\n<div id=\"js-dfp-tag-HIk\"  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-HIk')) {             googletag.display('js-dfp-tag-HIk');         }         });     <\/script> <\/div>\n<\/p><\/div>\n<p>Shrinking ICE cocoa inventories are supportive of cocoa prices. \u00a0ICE-monitored cocoa inventories held in US ports fell to an 8.5-month low of 1,709,185 bags on Wednesday.<\/p>\n<p>Weak global cocoa demand is bearish for prices. \u00a0On October 30, the CEO of chocolate-maker Hershey said chocolate sales this Halloween season were \"disappointing.\" \u00a0Halloween made up nearly 18% of annual US candy sales in 2024, second only to Christmas. \u00a0Meanwhile, the Cocoa Association of Asia on October 17 reported that Q3 Asia cocoa grindings fell by -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 cocoa grindings rose +3.2% y\/y to 112,784 MT, but the addition of new reporting companies skewed the data. \u00a0In related news, North 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>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 September cocoa exports were unchanged y\/y at 14,511 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-gBo\"  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-gBo')) {             googletag.display('js-dfp-tag-gBo');         }         });     <\/script> <\/div>\n<\/p><\/div>\n<p> More news from Barchart <\/p>\n<ul>\n<li>Is Cocoa Heading Back to the Recent High?<\/li>\n<li>Q2 in Soft Commodities- Where are They Heading in Q3 and Beyond?<\/li>\n<li>Where Are Cocoa Prices Heading?<\/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>March ICE NY cocoa (CCH26) on Wednesday closed down -6 (-0.12%), and December ICE London cocoa #7 (CAZ25) closed down -10 (-0.27%). Cocoa prices settled lower on Wednesday but remained above last Wednesday&#8217;s 1.75-year nearest-future lows after the European Parliament approved a 1-year delay to the deforestation law, keeping cocoa supplies ample. \u00a0The EU regulation, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":27659,"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-27658","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\/27658","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=27658"}],"version-history":[{"count":0,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/posts\/27658\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/media\/27659"}],"wp:attachment":[{"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/media?parent=27658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/categories?post=27658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/tags?post=27658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}