Cocoa & European Cocoa Association

Cocoa: Cocoa prices have fallen to 3-week lows due to abundant supplies and rising inventories, but supported by forecasts of a smaller surplus and El Niño risks.

European Cocoa Association: Reported a 4.6% decline in Q2 European cocoa grindings, indicating weaker demand in Europe.

Cocoa: Cocoa prices have surged to 6-month highs due to supply threats from West African floods and El Niño–Southern Oscillation, though rising inventories and weak demand provide some bearish pressure.

European Cocoa Association: Reported a 7.8% decline in European Q1 cocoa grindings, the lowest in 17 years, signaling weak demand.

Cocoa: Cocoa prices are falling due to selling pressure from producers, abundant inventories, and weak global demand, despite some supportive factors like El Niño–Southern Oscillation concerns and reduced surplus estimates.

Cocoa: Cocoa prices are sharply higher due to prospects of a smaller global surplus, resilient consumer demand for chocolate, and disruptions in global supplies caused by the closure of the Strait of Hormuz.