The Cocoa Crash: Is the Bottom Finally In?

Summary

The episode dissects the recent turbulence in the cocoa market, highlighting a modest 0.77% price bounce despite a projected 287,000 MT surplus and a 22% sales drop from major players. It explores the concept of "supply ghosts"—beans stranded at Ivorian ports—and the demand slump in Europe, which has hit a 12‑year low. Analysts weigh a technical support zone around $4,200 against a critical $4,050 break point that could trigger a slide to $3,600, while also examining weather risks, the Nigeria export decline, and disease pressures on farms.