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Cocoa Prices Drop as West Africa Sees Surplus

3/25/2025

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Summary

Story summary

Favorable weather in West Africa has led to a decrease in cocoa prices, supporting pod development.
The International Cocoa Organization predicts a global surplus of 142,000 MT for 2024/25, marking the first surplus in four years.
High cocoa prices are raising demand concerns, resulting in notable declines in cocoa grindings.
Sugar prices are increasing due to a declining dollar index and lower global production forecasts.

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Story summary

Favorable weather in West Africa has led to a decrease in cocoa prices, supporting pod development.
The International Cocoa Organization predicts a global surplus of 142,000 MT for 2024/25, marking the first surplus in four years.
High cocoa prices are raising demand concerns, resulting in notable declines in cocoa grindings.
Sugar prices are increasing due to a declining dollar index and lower global production forecasts.