LSE:GRG News 5 December 2025

February 4, 2026, 4:24 PM EST. Cocoa prices fell sharply on Wednesday, with March ICE New York cocoa down 4.98% and London cocoa dropping 3.72%, pressured by abundant global supplies and weak demand. The International Cocoa Organization reported a 4.2% increase in global stocks year-on-year, reaching 1.1 million metric tons, while StoneX forecasts a global cocoa surplus for 2025/26 and 2026/27. Demand challenges persist, highlighted by Barry Callebaut AG's 22% sales volume decline in its cocoa division. European and Asian cocoa grindings also saw considerable year-on-year drops in Q4, reflecting subdued usage. U.S. port inventories recently rebounded to a 2.75-month high. However, slowing deliveries from Ivory Coast and favorable West African growing conditions offer some support, with harvest optimism noted by major producers and chocolate makers.