💡
Cocoa trading at 7435.003 USD/T on Thursday, August 21, a 330.997 USD/T (4.26%) decrease from 7766.000 on the last trading session.
ICYMI;TL;DR? Here is a summary of the ICCO COCOA MARKET REPORT July 2025
Cocoa prices declined in July 2025 due to improved crop expectations and weak demand, but recovered later in the month.
Cocoa Prices Trends
- A notable downward trend in cocoa futures prices was observed in early July 2025.
- Lowest price in London: US$6443 per tonne; New York: US$7315 per tonne.
- In contrast to July 2024, which saw steady price increases.
Production Growth
- Rising cocoa production in major producing countries, especially Latin America.
- Increased output due to several seasons of elevated cocoa prices.
- Expected to ease global supply tightness and contributed to price slowdown.
Demand Weakness
- Lower Q2 2025 grindings reported by major regional cocoa associations.
- ECA reported a 7.20% decline in grindings from 357,502 tonnes to 331,762 tonnes.
- NCA reported a 2.78% decline from 104,781 tonnes to 101,865 tonnes.
- CAA reported a significant 16.28% drop from almost 211,000 tonnes to 176,644 tonnes.
Price Recovery
- Prices began climbing in mid-July due to unsettled weather in Cote d’Ivoire.
- Final trading session of July saw prices rebound: London up 16% to US$7481 per tonne; New York up 15% to US$7295 per tonne.
Weather Impact
- Weather conditions are critical for the upcoming 2025/26 main crop season.
- Adverse weather developments could significantly impact supply and pricing.
💡
For Premium Subscribers only