Cocoa falls nearly 5% as inventories rise and chocolate demand remains subdued
đ 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.
đŠ Stocks at ICE warehouses rose to around 3.74 million bags. Greater availability is easing immediate shortage concerns and weighing on prices.
đ« 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.
đŠïž West African weather and crop risks could still support prices. The session suggests traders placed greater weight on current inventories and subdued demand.
đ ICE inventory trends and upcoming cocoa grinding data will help assess whether selling pressure persists or begins to ease.
#Cocoa $CC
đ 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.
đŠ Stocks at ICE warehouses rose to around 3.74 million bags. Greater availability is easing immediate shortage concerns and weighing on prices.
đ« 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.
đŠïž West African weather and crop risks could still support prices. The session suggests traders placed greater weight on current inventories and subdued demand.
đ ICE inventory trends and upcoming cocoa grinding data will help assess whether selling pressure persists or begins to ease.
#Cocoa $CC
