Cocoa Futures drop as EU Council starts talks with Parliament on a targeted revision and delay of EUDR
New York cocoa futures dropped sharply this week, falling roughly 6% following news of a potential delay in the EU Deforestation Regulation (EUDR). Intraday lows touched around $5,070 per ton, reflecting heightened bearish sentiment as regulatory pressure appeared to ease alongside an improving global supply outlook. While the exact settlement price varied across sources, the move marked one of the weakest levels this year and likely brought prices close to lows not seen since early 2024. Overall, the decline underscores a market increasingly driven by policy developments and shifting expectations on supply resilience.
Trump Administration Exempts Cocoa, Coffee & Other Food Inputs from Reciprocal Tariffs — Industry Reacts
The White House issued an Executive Order on 14 November exempting cocoa, coffee, and several other agricultural inputs from reciprocal tariffs, citing limited US domestic production and the need to support supply-chain resilience. The move removes a significant cost burden for US chocolate and coffee manufacturers: Hershey had faced up to $180 million in annual cocoa-related tariff exposure, while industry groups such as the National Confectioners Association and National Coffee Association praised the exemption as essential to maintaining competitiveness and easing consumer cost pressures.