The International Cocoa Organization (ICCO) forecasts a decrease in global cocoa milling demand, while global production prospects have been reduced. Despite these conditions, the cocoa market has shown resilience during the COVID-19 pandemic, with prices remaining high due to a less valued dollar in the international market. The cocoa market also faces concerns such as procurement issues and worker mobility. The ICCO predicts that the ratio of stocks to milling will increase to 38%, which is higher than the initial forecast of 31.5%. However, the price of cocoa has risen 1.2% to a six-month high of $2,654 per ton, likely due to a weak dollar and a positive market trend for agricultural commodities.