New York and London cocoa futures rose on Friday, recouping part of the week’s
decline as markets weigh near-term ample supplies against rising next-season
shortfall risks. New York futures jumped as much as 2.2% intraday, narrowing the
week’s loss to about 5%. Price swings reflect conflicting supply signals: recent
abundance versus growing risks to output in top producers Côte d’Ivoire and
Ghana. Guan Chong Berhad’s CEO forecast a global supply deficit in 2026-27, the
first in three years. A strengthening El Nifio threatens key growing areas, and
Ghana’s state exporter said national cocoa output could fall by up to 38% YoY.
