Cocoa futures rose in the New York and London markets, narrowing this week's decline. The market is weighing the prospect that supply may be sufficient in the short term, but the next production season may turn into a shortage. The CEO of Guan Chong Berhad, the largest cocoa processor in Asia, recently predicted that the global cocoa market will turn into a supply shortage during the 2026-27 production season. This will be the first time in three years that there will be a gap. Increasing El Niño weather patterns are threatening cocoa crops in major growing regions. This includes Ghana. According to the country's state-owned export agency, Ghana's cocoa production could drop by as much as 38% from the previous year.

Cocoa futures rose in the New York and London markets, narrowing this week's decline. The market is weighing the prospect that supply may be sufficient in the short term, but the next production season may turn into a shortage. The CEO of Guan Chong Berhad, the largest cocoa processor in Asia, recently predicted that the global cocoa market will turn into a supply shortage during the 2026-27 production season. This will be the first time in three years that there will be a gap. Increasing El Niño weather patterns are threatening cocoa crops in major growing regions. This includes Ghana. According to the country's state-owned export agency, Ghana's cocoa production could drop by as much as 38% from the previous year.