Abidjan, 12 December 2024 - The International Cocoa Organization releases the Cocoa Market Report for November 2024. The current report highlights the following insights:

• As with simple economics whereby an increase in supply almost always leads to a fall in prices, it is generally observed that an increase in arrivals normally leads to bearish cocoa prices. But this was not the case in November as both arrivals and prices have concurrently increased.
• As the season progresses, supply risks continue to be the focus of attention. The question that comes to mind is - is the cocoa supply enough to cater for both contracts rolled-over from last season in addition to the current season?
• Other factors compounding the supply situation include exchange stock levels, weather and Cocoa Swollen Shoot Virus Disease (CSSVD).

Caution should be exercised in the interpretation of the following steps as they are just guidelines.

You can download the complete report by clicking here.