Larger Stocks Pressure Cocoa Prices

According to StoneX information, between June 6 and 13, cocoa futures contracts registered a decline in international markets. The market maintained a cautious stance regarding the global availability of the product, considering the persistence of uncertainties about the upcoming supply and demand indicators to be released in the coming months. Despite concerns about scarcity in some regions, reports of more favorable rainfall in the main producing countries helped to alleviate some of the tensions. These precipitations are essential for crop development, potentially improving the quality and volume of the harvest, factors that directly impact quotations. Another element that weighed on price retraction was the trend of recovery in certified stocks on international exchanges. In recent weeks, stocks showed signs of replenishment, which reduces upward pressure on contracts and brings more security to market agents. Given this scenario, the market remains attentive to weather ...