Global Cocoa Markets Shaken as African Supply Returns in 2026
As of February 20, 2026, global cocoa prices are experiencing a significant downturn, hitting their lowest levels in over two and a half years. The market has shifted from a period of extreme scarcity to a projected supply glut, causing prices to plummet by roughly 45% since the beginning of the year. Current Market Prices (February 20, 2026) • US Cocoa Futures (New York): Trading near $3,094 – $3,170 per metric ton . Prices hit a session low of $3,103 earlier today, continuing a six-week selloff. • London Cocoa Futures: Trading at approximately £2,154 per metric ton . • Farmgate/Local Prices: * Ghana: Recently cut its official producer price by nearly 30% (from Ghc 51,660 to Ghc 41,392 per tonne) to align with falling global values. • Cameroon (Douala): Buying prices are reported between 1,300 and 1,400 FCFA/KG . Market Sentiment & Trends The "resurrection" of the African supply is the primary driver of thi...
