Cocoa Market Report for April 2025
Abidjan, 20 May 2025 – The International Cocoa Organization releases the Cocoa Market Report for April 2025. The current report highlights the following insights:
- News about cocoa supplies at the beginning of the mid-crop, i.e., April 2025, revealed the potential for a poor mid-crop from the top-producing countries in West Africa. In addition, the flat tariff rate of 10% on all U.S. imports supported prices.
- On the demand side, Q1 2025 quarterly grinding data from major cocoa associations revealed a decline: the European Cocoa Association reported a drop of 3.7% (to 353,522 tons); the Cocoa Association of Asia (CAA) reported a decline of 3.44% (to 213,898 tons); and the National Confectioners Association (NCA) reported a decline of 2.45% (to 110,278 tons). Although quarterly grindings were negative, they were better than analysts’ expectations. The grinding data signaled some demand resilience and boosted prices.
- With uncertainty concerning the mid-crop lingering, there are five months remaining until the end of the season. The next five months will be interesting as progress in market fundamentals will provide a clearer view of the cocoa market outlook.
Caution should be exercised in the interpretation of the following steps as they are just guidelines.
You can download the complete report by clicking here.
