Cocoa has fallen nearly 50%, entering a six-week slump as global stocks rise and demand softens. Surplus forecasts for 2025/26: StoneX 287,000 MT, Rabobank 250,000 MT, with ICO stocks up 4.2% y/y. Ghana cut farmgate prices ~30%, Côte d’Ivoire may follow, but any production
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Cocoa has fallen nearly 50%, entering a six-week slump as global stocks rise and demand softens. Surplus forecasts for 2025/26: StoneX 287,000 MT, Rabobank 250,000 MT, with ICO stocks up 4.2% y/y. Ghana cut farmgate prices ~30%, Côte d’Ivoire may follow, but any production