Cocoa prices extended their downward trend to below $3,700 per tonne, near the lowest level since October 2023, as the market balanced weak global demand against higher supply. Weak buying interest is leading to stock accumulation among major cocoa producers, particularly the Ivory Coast and Ghana. Latest data showed cocoa arrivals at ports in Ivorian Coast ports reached 1.263 million metric tons by February 8 since the start of the season on October 1, down 4.5% from the same period last season. Meanwhile, StoneX projected in late January a global cocoa surplus of 287,000 tonnes for the 2025/26 crop year and 267,000 tonnes for 2026/27. Regarding crop developments, farmers in the Ivory Coast noted sufficient soil moisture, with forthcoming rains expected to strengthen the crop and help produce high-quality cocoa beans. However, they expressed concerns that poor storage conditions were affecting bean quality, and some were hesitant to harvest ripe pods for fear of non-payment.
Cocoa fell to 3,673 USD/T on February 13, 2026, down 1.37% from the previous day. Over the past month, Cocoa's price has fallen 27.84%, and is down 63.96% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Cocoa reached an all time high of 12906.00 in December of 2024. Cocoa - data, forecasts, historical chart - was last updated on February 15 of 2026.
Cocoa fell to 3,673 USD/T on February 13, 2026, down 1.37% from the previous day. Over the past month, Cocoa's price has fallen 27.84%, and is down 63.96% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Cocoa is expected to trade at 3591.09 USD/MT by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 3060.34 in 12 months time.