What is affecting cocoa prices in early January 2026?

Cocoa prices are currently being driven down by expectations of a robust harvest in West Africa due to favorable weather conditions.

Are cocoa supplies tightening despite good weather?

While weather is improving harvest prospects, recent data shows slower cocoa arrivals at Ivory Coast ports, raising some supply concerns.

What impact is the Bloomberg Commodity Index having on cocoa?

Cocoa's inclusion in the Bloomberg Commodity Index is expected to attract significant investment, potentially boosting NY cocoa futures.

Home / Business and Economy / Cocoa Prices Plummet on West African Weather Boost

Cocoa Prices Plummet on West African Weather Boost

3 Jan

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Summary

Cocoa prices fell sharply due to improved weather forecasts.
West African harvest expected to be larger and healthier.
Ivory Coast arrivals are down, raising supply concerns.

Cocoa Prices Plummet on West African Weather Boost

Cocoa futures saw a sharp decline today, with both March ICE NY and London cocoa contracts reaching one-week lows. This downward trend is largely attributed to improved weather forecasts across West Africa, a key cocoa-producing region.

Tropical General Investments Group has indicated that favorable conditions are expected to significantly boost the February-March cocoa harvest in Ivory Coast and Ghana. Farmers have reported observing larger and healthier cocoa pods compared to the previous year, suggesting a potentially abundant crop.

Despite the current market downturn, there are underlying factors that could support cocoa prices. Expectations of index-related buying due to cocoa's inclusion in the Bloomberg Commodity Index and a recent drop in U.S. port inventories suggest potential future price resilience.

This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.