Cocoa futures slide as Ivory Coast port arrivals hit 2.09 MMT and ICE stocks rise to 3,194,270 bags
AI Market Summary
ICE cocoa futures fell sharply as Ivory Coast port arrivals reached 2.09 MMT (+21% y/y) and ICE inventories rose to a two-year high near 3.19M bags, reinforcing near-term supply comfort. Softer North American and European grindings add a demand headwind, pressuring prompt pricing. While flooding and a potentially strong El Niño keep medium-term supply risks elevated, abundant current availability is dominating short-term sentiment.
Impact level
● Medium
Affected assets
NCCOCOCOA2USD/USDT-2.37%
AI Insight · NCCOCOCOA2USD/USDTAI Insight
▼ Bearish
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ICE New York and London cocoa futures fell 3.68% and 3.31% on Monday. Ivory Coast data for the 2025/26 marketing year through July 12 put port shipments at 2.09 MMT, up 21% from a year earlier. ICE cocoa inventories climbed to 3,194,270 bags, a two-year high. Near-term pricing has been weighed by ample supply and year-on-year declines in cocoa grindings in North America and Europe, even as El Niño and early crop surveys point to medium-term output risks.
