Global cocoa prices reached a six-month peak on September 7, 2026. El Niño and supply crunch fears in West Africa continue to drive the market higher.
The sustained rally in raw material costs is squeezing profit margins at the Cocoa Processing Company (CPC). Analysts anticipate a global cocoa deficit will persist through the 2026-27 season.
Regional processors face further operational complexity from new traceability pilots. These systems aim to meet upcoming EU deforestation regulations.