Historical cc News Stories
Cocoa Rally: BCOM Inclusion vs Supply Surge Now Q4
BCOM index reinstatement and mixed ICCO supply signals have thrust cocoa into a volatile phase. Passive inflows, tight physical stocks, a strong 2024/25 crop rebound and weakening grindings create opposing forces that will drive price swings in the near term.
Cocoa Rally: Prices Jump on BCOM Inclusion Hopes
Cocoa futures surged in early November as prospects of Bloomberg Commodity Index (BCOM) inclusion and tight supply fundamentals pushed prices toward $6,200/ton. ICCO’s deep deficit and record-low stocks-to-grindings ratio, coupled with expected passive inflows (~$1.9bn), are driving volatility. Exports from Ivory Coast and Nigeria have risen but haven’t erased the structural shortfall. Traders, manufacturers, and farmers should monitor ICE inventories, ICCO updates, open interest and farmgate policies for next moves.