Back to today’s briefing

Story perspectives

StoneX Slashes Cocoa Forecasts; African Producers Cut Prices

7/2/2026

29 6 Full Breakdown

Summary

Story summary

StoneX cut the 2025/26 forecast to 247,000 MT from 287,000 MT and the 2026/27 forecast to 149,000 MT from 267,000 MT citing El Niño risks.
U.S. ICE New York futures rose 14 points (+0.28%) on July 1, 2026 after 20% rise in two weeks.
Ivory Coast expects 2025/26 output to fall 10.8% to 1.65 MMT and cuts prices 57%.
Ghana cuts prices ~30%.
Nigeria’s cocoa sector saw exports rise 28% to 18,034 MT and production drop 11% to 305,000 MT.

1 of 1

Story summary

StoneX cut the 2025/26 forecast to 247,000 MT from 287,000 MT and the 2026/27 forecast to 149,000 MT from 267,000 MT citing El Niño risks.
U.S. ICE New York futures rose 14 points (+0.28%) on July 1, 2026 after 20% rise in two weeks.
Ivory Coast expects 2025/26 output to fall 10.8% to 1.65 MMT and cuts prices 57%.
Ghana cuts prices ~30%.
Nigeria’s cocoa sector saw exports rise 28% to 18,034 MT and production drop 11% to 305,000 MT.