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This is your Daily Cocoa Price Tracker with Vanessa Clark podcast.
Welcome back to Daily Cocoa Price Tracker with Vanessa Clark. Hey friends, its your go-to gal Vanessa here, chatting about everything cocoa like were sipping hot chocolate together on a cozy evening. Today, were diving into the latest cocoa news, the current trading price, and what it all means for you whether youre a trader, farmer, or just love your chocolate fix.
First up, the big number everyone wants: as of today, December 12, cocoa is trading at 6,122 dollars per tonne on the New York market, according to Trading Economics. Thats down a bit, about 1.81 percent from yesterday, but hold on, its up over 11 percent in the past month alone. Over in London, futures are hovering around 4,441 dollars per tonne from recent closes. Prices have been consolidating gains after a sharp rally, thanks to tightening supplies.
Now, the scoop from the ground: in Cameroon, cocoa beans at the Port of Douala jumped to between 2,170 and 2,470 CFA francs per kilogram on December 9, a solid 170 CFA rebound after weeks of drops, per Business in Cameroon and the National Cocoa and Coffee Board data. Thats good news for growers, as port prices ripple right back to farm gates. But globally, the International Cocoa Organization cut its 2024-25 surplus forecast to just 49,000 tonnes from 142,000, with production at 4.69 million tonnes. Rabobank trimmed their 2025-26 surplus view to 250,000 tonnes too. Ivory Coast arrivals are down 1.8 percent year-over-year, stocks in US ports hit an eight-month low, and Nigerias output could drop 11 percent next season.
What does this mean? A short-term correction amid ample supplies, but watch for index inclusion in the Bloomberg Commodity Index come January, which could spark big buying. Heavy rains in Ivory Coast and Ghana might slow harvests short-term but boost later yields.
Actionable takeaway, pals: if youre trading, eye those support levels around recent highs and consider hedging with futures. For everyday folks, stock up on chocolate bargains now before potential squeezes push prices up. Stay informed, diversify your portfolio, and maybe plant a cocoa tree if you can.
Thanks for tuning in, friends. Subscribe, share with your crew, and catch you next time on Daily Cocoa Price Tracker. Sweet dreams!
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