Cocoa Prices Surge Amid Tightening Supply
Update: 2025-12-05
Description
Cocoa prices surged on Friday, reaching a three-week high, following the International Cocoa Organizations revised forecast of a significantly smaller global cocoa surplus for the upcoming year. US cocoa inventories also dropped to an eight-and-a-half-month low, further boosting prices. However, the outlook remains uncertain due to potential good weather in West Africa, which could lead to increased cocoa supplies, and the European Parliaments delay of a new deforestation law, which may keep cocoa supplies ample.
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