After ending Monday with an increase of more than 3.5%, cocoa futures contracts for delivery in July operated down 1.71% at the opening of the New York Stock Exchange this Tuesday (21), quoted at US$ 3,337 per ton.
Even with the recent advance, contracts remain close to the lowest level since August 2023, amid the assessment of signs of weakening global demand given prospects for .
Sector data indicates that cocoa grinding fell by almost 8% in Europe and around 4% in North America, declines higher than market estimates.
Sales of chocolates at Easter also registered a drop of approximately 5% compared to the previous year, according to data compiled by Trading Economics.
On the supply side, favorable weather conditions in the main producing regions of West Africa increased global surplus projections for the 2026/27 harvest.
The fall in prices, however, finds some support in logistical factors, such as the closure of , which affects the supply of fertilizers and increases the costs of maritime transport, insurance and fuel, with an impact on import costs.
Café
In the coffee market, arabica futures contracts for delivery in July fell 1.88% this Tuesday, trading at US$ 2.8235 per pound, after also closing higher in the previous session. Prices remain close to the lowest levels since the beginning of March, influenced by the advance of the harvest in Brazil and the improvement in the perception of global supply.
The pace of negotiations remains moderate, with producers monitoring variables such as weather conditions, prices, exchange rates and margins.
According to Climatempo, dry weather predominates in the main producing regions between the Southeast and Bahia, favoring the progress of activities in the field, while keeping attention on humidity levels in crops.
Geopolitical factors continue to influence costs and logistics, contributing to market volatility. Expectations of a record harvest in Brazil also act as an element of price containment.
Cotton and sugar
Among other commodities, the price fell 0.21%, quoted at 79.87 cents per pound. Demerara sugar for the same month registered an increase of 0.29%, trading at 13.68 cents per pound.
