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Cocoa futures slide more than 4.5% as supply increases

AI Market Summary
ICE cocoa futures fell for a second day as evidence of ample near-term supply weighed on sentiment: Ivory Coast port arrivals and 2025/26 output are sharply higher, Nigeria exports increased, and ICE inventories rose to a two-year high. While quality risks, El Niño-linked uncertainty, and lower 2026/27 Ghana expectations provide an offset, the immediate supply picture is pressuring cocoa prices.
Impact level
● Medium
Affected assets
NCCOCOCOA2USD/USDT-1.98%
AI Insight · NCCOCOCOA2USD/USDTAI Insight
▼ Bearish
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ICE New York and London cocoa futures extended their sharp declines on Wednesday, with both contracts falling more than 4.5% for a second straight session. Ivory Coast port arrivals in the current marketing year rose 19% year on year to 2.14 million tonnes, and output from June 2025 to June 2026 climbed 30% to 2.06 million tonnes. Nigeria’s July cocoa bean exports increased 18% from a year earlier to 16,052 tonnes. The stronger supply backdrop has added pressure on prices.
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