NASDAQ:CYCN News 6 January 2026

January 29, 2026, 2:45 PM EST. March ICE NY cocoa futures rose 0.96%, with London cocoa up 1.01%, spurred by a softer dollar prompting mild short covering. Cocoa prices recently hit multi-year lows due to ample global supplies and declining demand. StoneX predicts a global surplus of 287,000 metric tons for 2025/26. The International Cocoa Organization reported global stocks increased 4.2% year-on-year. Demand remains weak as consumers resist high chocolate prices; key players like Barry Callebaut and grinding data from Europe and Asia confirm reduced activity. Favorable West African growing conditions suggest robust harvests, but producers are holding back shipments amid low prices, especially in Ivory Coast. US port cocoa inventories rebounded recently, adding bearish pressure to prices.