Market Overview
On 25 June 2026, Reuters reported that London cocoa futures climbed to a five‑month peak as traders priced in El Nino‑related supply concerns for West Africa. The LCCc2 contract closed up £252, or 7.2%, at £3,753 per metric ton, after reaching £3,793 during the session, marking the highest level since January 2026.
International Price Movements
In New York, the CCc2 cocoa contract rose 7.1% to $4,973 per ton and later touched a five‑month high of $5,040. Arabica coffee (KCc2) settled up 1.25 cents, or 0.5%, at $2.772 per pound, after briefly touching $2.8480, near a six‑week high.
Supply‑Side Developments
Ivory Coast, the world’s largest cocoa producer, has temporarily stopped selling export contracts for its 2026/27 main crop while awaiting a clearer production estimate, according to two sources at the country’s cocoa regulator. The pause reflects fears that El Nino‑driven weather patterns could curtail output in the upcoming season.
Brazil Coffee Harvest Update
Cooxupe, Brazil’s largest coffee cooperative, disclosed that as of 19 June its members had harvested 20.1% of the 2026 coffee crop, compared with 24.3% at the same point in the previous year, attributing the slower pace to rain‑related delays in fieldwork.
Implications
The combined rise in cocoa and coffee prices underscores market sensitivity to weather‑driven supply risks in West Africa and Brazil, while the Ivory Coast export suspension may tighten global cocoa availability in the 2026/27 season.