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15.01.202611:56:19UTC+00Cocoa Futures Below $5,000

Cocoa prices have dipped below $5,000 per tonne, reaching their lowest level since November 26. This decline is influenced by diminished demand indicators and favorable supply conditions in West Africa. In Europe, cocoa grinding decreased by 8.3% year-on-year to 304,470 tons in the fourth quarter, marking the sixth consecutive drop and substantially surpassing market predictions of a 2.9% decline. As Europe constitutes a major share of global cocoa consumption, these figures are significant. Meanwhile, the upcoming fourth-quarter data for cocoa grindings in Asia is anticipated to show a 12% year-on-year reduction.

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