Cocoa futures rise toward $5,800/ton on weaker dollar
Cocoa futures climb toward $5,800 per tonne, with support from a weaker US dollar and falling inventories, while concerns about the 2026/27 crop outlook add upward pressure.
Cocoa futures rose toward $5,800 per tonne, influenced by a weaker US dollar and falling inventories, while growing concerns over the 2026/27 crop outlook added further upward pressure.
Although the current season has seen a substantial improvement in supply, traders are increasingly pricing in the possibility of tighter conditions next season as weather risks build across West Africa.
In Ivory Coast, farmers have warned that plantations need more sunshine following a period of below-average rainfall and cooler temperatures.
Continued unfavorable conditions could undermine development of the September-to-February main crop, with the strengthening El Niño pattern adding to the production risks.
Limiting the upside, COCOBOD's new financing model is easing concerns that liquidity problems in Ghana could disrupt cocoa purchases and exports.