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This is your Daily Cocoa Price Tracker with Vanessa Clark podcast.
Welcome to the Daily Cocoa Price Tracker with Vanessa Clark. Hey everyone, its Vanessa here, your go-to friend for all things cocoa. Today, were diving into the latest on cocoa prices, fresh market moves, supply updates from Ivory Coast, and what it means for chocolate lovers and traders like you. Grab your favorite mug, and lets chat cocoa.
First up, the current trading price. As of this evenings close, March ICE New York cocoa futures settled around 6,013 dollars per metric ton after a predicted fair opening near that level, according to Barchart and StockInvest data. Thats down sharply from recent highs, with Tuesday seeing a 2.87 percent drop to close lower, retreating from Mondays two-week peak. London cocoa followed suit, down 2.80 percent. Barchart reports this pullback came amid a stronger dollar sparking some selling, but underlying support lingers from tighter supplies.
Why the volatility? Ivory Coast farmers delivered just 59,708 metric tons to ports last week, down 27 percent from last year, with cumulative shipments at 1.029 million metric tons, off 2 percent year-over-year. Thats the worlds top producer talking shortages. Broader outlook shows tightening too. The International Cocoa Organization slashed its 2024-25 global surplus to 49,000 metric tons from 142,000, with production at 4.69 million metric tons. Rabobank cut its 2025-26 surplus forecast to 250,000 metric tons. Even Nigeria, fifth-biggest producer, expects 11 percent less output next year at 305,000 metric tons.
Looking back, cocoa tumbled nearly 50 percent in 2025 after soaring 178 percent in 2024, hit by higher supplies and price-sensitive demand drops, per RTE and Marketscreener. Its been the years biggest commodity loser.
Actionable takeaway, friends: If youre trading, watch support near 8,000 dollars from moving averages, but brace for more swings with low volume. For everyday folks, stock up on chocolate deals now, as supply crunches could nudge prices up later. Stay nimble, diversify your portfolio, and keep an eye on West African harvests.
Thats your Daily Cocoa Price Tracker wrap-up. Thanks for tuning in, youre the best. Subscribe, share with a friend, and join me next time for more cocoa insights. Sweet dreams!
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