Cocoa falls nearly 5% as inventories rise and chocolate demand remains subdued
📉 ICE March 2027 cocoa fell 4.79% to settle at $5,290 per tonne on November 5, the largest decline among agricultural contracts tracked by The Edge.
📦 Stocks at ICE warehouses rose to around 3.74 million bags. Greater availability is easing immediate shortage concerns and weighing on prices.
🍫 Barry Callebaut cited a 4.3% decline in chocolate consumption volumes across surveyed markets in the year through August. Its own quarterly sales volumes recovered, suggesting uneven demand.
🌦️ West African weather and crop risks could still support prices. The session suggests traders placed greater weight on current inventories and subdued demand.
🔎 ICE inventory trends and upcoming cocoa grinding data will help assess whether selling pressure persists or begins to ease.
#Cocoa $CC
📉 ICE March 2027 cocoa fell 4.79% to settle at $5,290 per tonne on November 5, the largest decline among agricultural contracts tracked by The Edge.
📦 Stocks at ICE warehouses rose to around 3.74 million bags. Greater availability is easing immediate shortage concerns and weighing on prices.
🍫 Barry Callebaut cited a 4.3% decline in chocolate consumption volumes across surveyed markets in the year through August. Its own quarterly sales volumes recovered, suggesting uneven demand.
🌦️ West African weather and crop risks could still support prices. The session suggests traders placed greater weight on current inventories and subdued demand.
🔎 ICE inventory trends and upcoming cocoa grinding data will help assess whether selling pressure persists or begins to ease.
#Cocoa $CC
