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This is your Daily Cocoa Price Tracker with Vanessa Clark podcast.
Hey friends, welcome back to Daily Cocoa Price Tracker with Vanessa Clark. I'm your host Vanessa, and today we're diving into the latest on cocoa prices, market moves, and what it all means for you.
First up, the current trading price. As of the most recent close on March 18, CocoaIntel reports ICE New York May 26 futures at 3,260 dollars per metric ton, down sharply about 2.66 percent. London May 26 sat around 2,436 pounds per ton, also down over 2 percent. Barchart confirms that New York retreat amid consistent rains boosting West African crop prospects in Ivory Coast and Ghana. Prices slid as global supplies look ample, hovering near the lowest since August 2023 according to TradingView.
Yesterday on March 17, CocoaIntel noted a decisive selloff, with New York dropping 1.1 to 2 percent across the curve and London similar, signaling systematic selling and long unwinding. Volumes were steady, open interest easing, and curves stayed in contango, pointing to no nearby supply stress.
Looking ahead, forward estimates are bullish on supply. TRS forecasts a 144,000 ton surplus for 2025/26, widening to 284,000 tons in 2026/27. CRA sees even larger surpluses. Ivory Coast arrivals are slightly behind last year at 1.37 million tons through mid-March, but farmers expect a strong mid-crop with healthy pods despite some regional rain issues.
What does this mean for you? If you're a chocolate lover or trader, this ample supply outlook could keep prices subdued short-term, but watch for weather shifts or demand rebounds from grinders. Practical tip: If you're in manufacturing or baking, lock in hedges now on these lower levels to shield against volatility swings. Diversify sourcing from Ecuador too, where exports are projected strong at over 600,000 tons.
That's your daily cocoa update, packed with the freshest market signals. Thanks for tuning in, friends – hit subscribe, share with your crew, and join me next time for more on cocoa prices and trends. Talk soon!
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