WisdomTree Cocoa 2x Daily Leveraged

New York cocoa futures rise nearly 5% to $4,391 per ton

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Improving Supply Outlook Hammers Cocoa Prices

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Improving Supply Outlook Hammers Cocoa Prices

Producer Selling Weighs on Cocoa Prices

Producer Selling Weighs on Cocoa Prices

Abundant Inventories Spark Long Liquidation in Cocoa Futures

Abundant Inventories Spark Long Liquidation in Cocoa Futures

VIDEO: How we called the start of cocoa's new bull move.

VIDEO: How we called the start of cocoa's new bull move.

Cocoa prices surged on Thursday, with NY cocoa closing up 7.06% and London cocoa up 6.09%, driven by fears of El Niño impacting West African production. The NOAA predicts a 61% chance of El Niño conditions emerging, which could harm cocoa crops. Despite weak global demand, strong consumer interest in chocolate and reduced surplus estimates support prices. However, high cocoa inventories and declining grindings in North America and Europe pose bearish risks. The prolonged closure of the Strait of Hormuz is also affecting global cocoa supplies, further influencing price dynamics.

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Cocoa Prices Surge on El Niño Fears

El Niño Concerns Push Cocoa Price Sharply Higher

El Niño Concerns Push Cocoa Price Sharply Higher

Cocoa prices surged on Tuesday, with July ICE NY cocoa closing up 4.92% and London cocoa up 14.14%, reaching 2.75-month highs. A weak outlook for the West African cocoa crop, due to below-average cherelle formation and potential El Niño impacts, is driving prices higher. Disruptions in global cocoa supplies from the Strait of Hormuz closure and strong consumer demand for chocolate are also supportive factors. However, weak global cocoa demand and abundant current supplies may counteract price increases. The Ivory Coast and Ghana, major cocoa producers, are facing production cuts due to drought conditions.

Cocoa Prices Jump on a Weak Outlook for the West African Cocoa Crop

Cocoa prices surged today, with July ICE NY cocoa up 5.61% and London cocoa up 14.66%, reaching 2.75-month highs. Concerns over below-average crop formation in West Africa and the prolonged closure of the Strait of Hormuz are driving prices higher. Despite weak global cocoa demand, strong consumer chocolate demand and reduced surplus estimates support prices. Current cocoa supplies from the Ivory Coast remain stable, while Nigerian exports have declined. Drought conditions in West Africa and cuts in farmer pay further impact production forecasts, with the Ivory Coast expecting a 10.8% drop in production for 2025/26.

WisdomTree Cocoa 2x Daily Leveraged(LCOC.UK)

Improving Supply Outlook Hammers Cocoa Prices

Producer Selling Weighs on Cocoa Prices

Abundant Inventories Spark Long Liquidation in Cocoa Futures

VIDEO: How we called the start of cocoa's new bull move.

Cocoa Prices Surge on El Niño Fears