In the past week (May 29 to June 5, 2025), cocoa prices have shown signs of stabilization after months of extreme volatility. Prices rebounded from recent corrections, with July 2025 cocoa futures (CCN25) hovering around $9,800 per metric ton. This follows a sharp rally in late May when futures surged over $680 in a single day. Tight supply expectations drove the rally due to weak harvests in Côte d’Ivoire and Ghana, as well as weather-related disruptions.
Still, cocoaradar.com understands bearish pressures have started to emerge, with signs of improving mid-crop prospects and a global production surplus projected by The International Cocoa Organization (ICCO). Technical indicators currently reflect a bullish short-term bias, although resistance near the $10,000–$10,455 level remains critical for further upside.