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This is your Daily Cocoa Price Tracker with Vanessa Clark podcast.
Hey friends, welcome to another episode of Daily Cocoa Price Tracker. Im your host Vanessa Clark, and today were diving into the latest on cocoa prices, whats driving the market, and some smart tips for staying ahead.
Right now, the May ICE New York cocoa contract is hovering around 3,147 dollars per metric ton, up a bit today after stabilizing from a recent plunge. Trading Economics reports its at 3,147.42, showing some resilience amid a seven-week downtrend. London cocoa is mixed too, but overall, prices are pressured by robust global supplies and softer demand.
StoneX forecasts a surplus of 287,000 metric tons for the 2025-26 season, with the International Cocoa Organization noting stocks up 4.2 percent to 1.1 million metric tons. In Ivory Coast and Ghana, which supply over half the worlds cocoa, buyers are shying away from high farm-gate prices, leading to higher inventories. Ghana slashed farmer prices by nearly 30 percent, and Ivory Coast is eyeing a 35 percent cut. Favorable weather is boosting the mid-crop harvest, with healthier pods expected.
Demand is weak too, friends. Barry Callebaut saw a 22 percent drop in cocoa sales volume, and grindings fell sharply in Europe, Asia, and stayed flat in North America. But there are bullish notes: Ivory Coast deliveries to ports are down 3.7 percent, and production projections for next season are lower.
Heres your takeaway: If youre in chocolate retail or baking, watch for deals on futures but hedge against volatility by diversifying with cocoa alternatives or locking in contracts now. For investors, support levels around 8,000 dollars could signal a bounce, per StockInvest.
Thanks for tuning in, buddies. Subscribe, share with your cocoa-loving crew, and catch you next time on Daily Cocoa Price Tracker!
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