Recent analysis highlights cocoa futures’ bullish retest of the 6,050 USD/MT support, that has repeatedly identified as pivotal throughout 2025’s extreme volatility. The recent price action shows strong buyer commitment after a clean breakout, reinforcing the idea that the 6,050 zone has transitioned from resistance to support.
Market data validates this technical narrative:
- On 10 December 2025, cocoa prices surged 4.5% to 6,091 USD/MT, matching the described rebound from 6,050 and demonstrating renewed upside momentum amid ongoing supply shortages in West Africa.
- If bulls successfully push through the 6,290 resistance, analysts project a potential continuation toward 6,640, aligning with broader sentiment around tightening supply and sustained buying pressure.
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Still, this price behaviour must also be understood within the larger 2025 cocoa environment, where severe crop losses, climate disruptions, and structural deficits have driven prices to double year-to-date.
The recent retest of 6,050 therefore isn’t just a technical event—it reflects the ongoing sensitivity of cocoa markets to scarcity, weather risk, and trader positioning in the face of historic supply stress.
Cote d'Ivoire Port Glut
Bloomberg has reported that Cote d’Ivoire is facing a temporary glut of cocoa at its ports as farmers rush to find buyers due to falling international prices and a cash crunch affecting local exporters.
“Ports at Abidjan, the commercial hub, and San Pedro have been clogged with truckloads of cocoa for the last three weeks as middlemen arrive with beans looking for buyers, according to people familiar with the matter. The surge has lifted weekly cocoa bean arrivals above 100,000 tons recently, higher than usual this time of year.”
This is important because the move risks distorting market estimates for the size of this season’s crop and further pushing down cocoa prices.
Kellanova-Mars Takeover
News from The European Commission Press Office states that it has approved unconditionally, under the EU Merger Regulation, the proposed acquisition of Kellanova by Mars, Incorporated (‘Mars'). The Commission has concluded that the proposed transaction would not raise competition concerns in the European Economic Area (‘EEA').
- Read the full release here