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Barchart
Rich Asplund

BIZARRE: Cocoa prices settle lower on abundant supplies and slack demand | Mind Blowing Facts

March ICE NY cocoa (CCH26) on Monday closed down -95 (-2.26%), and March ICE London cocoa #7 (CAH26) closed down -94 (-3.08%).

Cocoa prices settled lower on Monday as they consolidated above their recent significant lows.  On January 30, NY cocoa dropped to a 2.25-year nearest-futures low, and London cocoa sank to a 2.5-year low, as abundant global supplies and slack demand weigh on cocoa prices.  On January 29, StoneX forecasted a global cocoa surplus of 287,000 MT in the 2025/26 season and a 267,000 MT surplus for 2026/27.  Also, the International Cocoa Organization (ICCO) reported on January 23 that global cocoa stocks rose 4.2% y/y to 1.1 MMT.

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