Cocoa prices eased to around $5,700 per tonne, leaving the market little changed for the year as traders continued to assess crop prospects and weather risks. Attention remained focused on the outlook for the 2026/27 season, with expectations of lower production potentially helping to rebalance the market following a substantial global surplus in 2025/26. Production forecasts for major growers Ivory Coast and Ghana have already been reduced, while adverse weather is adding to concerns over the next crop. In Ivory Coast, below-average rainfall, overcast conditions and a recent spell of colder weather have raised concerns about the development of the September-to-February main crop, according to farmers. Supply risks are also emerging elsewhere, with estimates suggesting that Ecuador, Peru and Southeast Asia could collectively produce around 100,000 tonnes less cocoa next season.