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This is your Cocoa podcast.
Hey everyone, welcome to another episode of Daily Cocoa Price Tracker with Vanessa Clark. I'm your host Vanessa, and today we're diving into the latest on cocoa futures as of April 1st, bringing you the freshest market moves, supply updates, and what it all means for chocolate lovers like us.
First up, the current trading prices. In New York, the May 2026 contract closed at 3,367, up a solid 96 points or 2.93 percent from the previous day, with July at 3,425 also gaining ground. London cocoa softened a bit, with May 2026 at 2,475, down just 5 points or 0.20 percent. This rebound in NY is gaining traction thanks to short covering and stronger nearby contracts, while London shows more caution in deferred months, per the latest CocoaIntel daily report.
On the fundamentals, good news from West Africa: rainfall is supporting pod development in Ghana and Côte d’Ivoire, boosting mid-crop hopes. Ivorian raw bean exports jumped 11.56 percent year-over-year to 117,468 tonnes, though processed products are mixed—paste down, powder way up. Demand might be perking up too, as Hershey signals a shift back to classic chocolate recipes in Reese’s, ditching some cocoa substitutes now that prices feel more manageable.
Trading volume stayed high at over 45,000 lots in NY, with open interest building, pointing to fresh buying interest beyond just shorts fleeing. But watch for consolidation ahead—technicals suggest a pause around 3,300 to 3,380, with resistance at 3,365.
Looking ahead, structural risks like fertilizer costs and potential El Niño linger, but improved arrivals are easing short-term tightness. For us consumers, Easter chocolate prices might stay elevated since makers locked in high costs months ago, even as the market stabilizes.
That's your cocoa update—stay tuned for tomorrow's action. Thanks for listening, friends—subscribe, share with your chocolate crew, and tune in next time for more Daily Cocoa Price Tracker!
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