Cocoa Price Slip Due to 2024/25 Global Cocoa Surplus Outlook
Thursday, 12 September 2024, 09:58
Cocoa Prices Decline Amid Surplus Predictions
The latest data shows a significant decline in cocoa prices as traders react to projections for a global surplus in cocoa supply during the 2024/25 season. ICE NY cocoa (CCZ24) fell by -132 points (-1.71%), while ICE London cocoa #7 (CAZ24) decreased by -30 points (-0.56%). This negative shift follows
Market Reactions and Future Implications
- Expectations of increased supply are leading to cautious buying.
- Concerns about price stability are escalating.
- Investors are watching demand trends closely.
Analysts suggest that while the market faces pressures now, improved conditions could emerge as demand shifts.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.