ICCO Monthly Cocoa Market Report – August 2021

Cocoa Coffee

latest Monthly Cocoa Market Report for the month of AUGUST 2021 issued by the ICCO. It contains valuable industry information highlighting the following insights:

Compared to their settlement values recorded on the first trading day of August, prices of the front-month futures contract increased by 5% from US$2,245 to US$2,363 per tonne and by 9% from US$2,355 to US$2,574 per tonne in London and New York respectively.

Commercial traders increased their net short futures positions from -12,770 contracts to 14,934 contracts in Europe and from 9,653 contracts to 25,627 contracts in the United States.

Certified stocks in exchange licensed warehouses continued to remain at high levels.

Cocoa graded on the exchange increased year-on-year by 22,210 tonnes to 149,270 tonnes in Europe and by 80,245 tonnes to 105,043 tonnes in the United States.

Compared to July 2021, the plunge in origin differentials was mostly halted during August 2021 in Europe and the United States.

Record global production resulting in a supply excess of 230,000 tonnes anticipated for the 2020/21 cocoa year.

ICCO Monthly Cocoa Market Report – August 2021

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