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Cocoa Prices Plummet Amid Surplus Forecast and Harvest Gains

10/28/2025

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Summary

Story summary

On Oct 27, 2025, cocoa prices fell: December ICE NY down 2.17%, London cocoa down 3.23%, as a global surplus is expected due to West African weather and harvests.
Mondelez International reported a 7% rise in cocoa pod counts in West Africa.
Exports from the Ivory Coast fell 24% year-on-year.
The International Cocoa Organization (ICO) projects a cocoa surplus of 142,000 MT for the 2024/25 season after a 2023/24 deficit.

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Story summary

On Oct 27, 2025, cocoa prices fell: December ICE NY down 2.17%, London cocoa down 3.23%, as a global surplus is expected due to West African weather and harvests.
Mondelez International reported a 7% rise in cocoa pod counts in West Africa.
Exports from the Ivory Coast fell 24% year-on-year.
The International Cocoa Organization (ICO) projects a cocoa surplus of 142,000 MT for the 2024/25 season after a 2023/24 deficit.