{"id":949,"date":"2026-07-22T19:03:13","date_gmt":"2026-07-22T19:03:13","guid":{"rendered":"https:\/\/goontrading.com\/en\/cocoa-loses-5-amid-rising-inventories-on-ice\/"},"modified":"2026-07-22T19:03:13","modified_gmt":"2026-07-22T19:03:13","slug":"cocoa-loses-5-amid-rising-inventories-on-ice","status":"publish","type":"post","link":"https:\/\/goontrading.com\/en\/cocoa-loses-5-amid-rising-inventories-on-ice\/","title":{"rendered":"Cocoa loses 5% amid rising inventories on ICE"},"content":{"rendered":"

\ud83d\ude80 Experience Ultra-Low Latency Trading<\/a> — \ud83d\udee1\ufe0f Trade with a Regulated Global Broker<\/a><\/strong><\/p>\n

\u00a0<\/p>\n

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ICE cocoa (COCOA) futures remain under pressure, falling around 5% to $5,300 per tonne<\/strong>, as a stronger U.S. dollar and rising ICE inventories continue to weigh on the market. At the same time, investors are assessing whether improving global demand and weather-related risks in West Africa will be sufficient to offset signs of increasing cocoa supply in the coming months.<\/section>\n
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Key facts<\/h3>\n
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  • Cocoa prices remain under pressure after ICE cocoa inventories climbed to their highest level in two years, reaching 3.28 million bags<\/strong>.<\/li>\n
  • Cocoa grinding data presented a mixed picture of demand: Europe recorded a 4.6% YoY decline<\/strong>, while North America (+7.7%)<\/strong> and Asia (+25%)<\/strong> delivered stronger-than-expected growth.<\/li>\n
  • Additional pressure comes from improving supply conditions, including a 30% YoY increase in Nigerian cocoa exports in June<\/strong> and higher arrivals from Ivory Coast.<\/li>\n
  • Over the medium term, prices continue to receive support from El Ni\u00f1o-related weather risks<\/strong>, which could worsen growing conditions in West Africa and reduce future harvests.<\/li>\n<\/ul>\n

    Demand remains uneven, but the sector is beginning to recover<\/h2>\n

    Last week, the market reacted negatively after the European Cocoa Association reported that European cocoa grindings fell 4.6% YoY<\/strong>, marking the weakest second-quarter reading in six years. However, concerns over global demand were partially eased by much stronger data from North America and Asia.<\/p>\n

    North American cocoa grindings rose 7.7% YoY<\/strong>, despite market expectations for a decline, while Asian grindings surged 25% YoY<\/strong>, significantly exceeding forecasts. Another positive signal came from Barry Callebaut<\/strong>, the world’s largest cocoa processor, which reported 5.7% annual sales growth<\/strong> in its fiscal third quarter, the company’s first year-over-year increase in more than two years.<\/p>\n

    Improving supply weighs on prices despite longer-term weather concerns<\/h2>\n

    In recent weeks, the market has received several signals pointing to improving supply conditions. Nigerian cocoa exports increased 30% YoY in June<\/strong>, while cocoa arrivals in Ivory Coast have risen 21%<\/strong> since the start of the current marketing season compared with a year earlier. Meanwhile, ICE-monitored cocoa inventories have climbed to their highest level in two years, adding further downward pressure on prices.<\/p>\n

    Nevertheless, the outlook for future harvests remains uncertain. Preliminary surveys suggest that Ivory Coast’s main 2026\/27 cocoa crop<\/strong> could total around 1.8 million tonnes<\/strong>, roughly 18% below<\/strong> the previous season.<\/p>\n

    In addition, the U.S. Climate Prediction Center believes this year’s El Ni\u00f1o<\/strong> could become one of the strongest in more than 75 years<\/strong>, increasing the risk of drought across West Africa and reducing future cocoa yields. As a result, despite near-term pressure from higher inventories and a stronger dollar, the medium-term fundamentals for cocoa remain relatively supportive.<\/p>\n

    COCOA (D1 chart)<\/h2>\n

    Cocoa prices have fallen by more than 15%<\/strong> from their recent local highs, which pushed the market to $6,650 per tonne<\/strong>, the highest level since the autumn of 2025.<\/p>\n

    <\/p>\n

    Source: xStation5<\/p>\n<\/section>\n<\/div>\n

    XTB.COM<\/p>\n","protected":false},"excerpt":{"rendered":"

    \ud83d\ude80 Experience Ultra-Low Latency Trading — \ud83d\udee1\ufe0f Trade with a Regulated Global Broker \u00a0 ICE cocoa (COCOA) futures remain under pressure, falling around 5% to $5,300 per tonne, as a stronger U.S. dollar and rising ICE inventories continue to weigh on the market. At the same time, investors are assessing whether improving global demand and …<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40],"tags":[],"class_list":["post-949","post","type-post","status-publish","format-standard","","category-gold-commodities-trade-news"],"_links":{"self":[{"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/posts\/949","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/comments?post=949"}],"version-history":[{"count":0,"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/posts\/949\/revisions"}],"wp:attachment":[{"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/media?parent=949"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/categories?post=949"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/tags?post=949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}