Mar. 09, 2026 - Farmers suffering from the mess in Ivory Coast and Ghana

Cocoa futures bounced back after a sharp sell-off, but the bigger story is unfolding in Ivory Coast and Ghana. In this episode, we break down the recent price rebound, the role of speculative short covering, and why rising energy prices could weigh on chocolate demand. At the same time, fixed farmgate pricing systems have left hundreds of thousands of cocoa farmers unpaid as global prices collapsed. We unpack the supply outlook, growing stock levels, and what the ongoing turmoil in West Africa could mean for the cocoa market ahead.Thanks for listening. For the full market analysis and real-time cocoa prices and price forecasts, go to vespertool.com. See you in two weeks!