Actual
5,338.00
Daily Change
-70.00 -1.29%
Monthly
-21.16%
Yearly
-20.03%
Q3 Forecast
5,606.99
Cocoa - Summary

Cocoa fell to 5,338 USD/T on September 30, 2026, down 1.29% from the previous day. Over the past month, Cocoa's price has fallen 21.16%, and is down 20.03% 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 - Stats

Historically, Cocoa reached an all time high of 12906 in December of 2024. Cocoa - data, forecasts, historical chart - was last updated on September 30 of 2026.

Cocoa - Forecast

Cocoa is expected to trade at 5606.99 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 4613.20 in 12 months time.



Price Day Month Year Date
Soybeans 1,294.00 -3.75 -0.29% 1.47% 27.74% Sep/30
Wheat 675.25 -17.50 -2.53% -10.74% 32.60% Sep/30
Lumber 539.50 2.00 0.37% -5.19% -11.41% Sep/30
Cheese 1.43 0 0% -11.85% -19.87% Sep/30
Palm Oil 4,615.00 -9.00 -0.19% -7.20% 5.13% Sep/30
Milk 14.88 -1.22 -7.58% -10.74% -15.12% Sep/30
Cocoa 5,338.00 -70.00 -1.29% -21.16% -20.03% Sep/30
Cotton 78.60 -0.260 -0.33% -15.61% 19.84% Sep/30
Rubber 250.00 -2.40 -0.95% 3.99% 47.06% Sep/30
Orange Juice 151.45 -2.15 -1.40% 10.35% -34.01% Sep/30
Coffee 289.90 0.45 0.16% -6.93% -24.49% Sep/30
Oat 418.00 -4.5000 -1.07% 20.46% 37.61% Sep/30
Wool 1,845.00 0 0% -0.43% 26.98% Sep/30
Rice 16.11 -0.3150 -1.92% 5.64% 45.46% Sep/30
Canola 822.38 -1.32 -0.16% 1.13% 35.44% Sep/30
Sugar 18.62 -0.22 -1.17% 4.55% 15.44% Sep/30
Corn 501.25 -20.7500 -3.98% -2.67% 20.35% Sep/30


Cocoa
Cocoa is traded on New York Mercantile Exchange (NYMEX) and the Intercontinental Exchange (ICE) in London. The prices in New York are based on the South-Asian market and prices in London are based on cocoa from Africa. The size of each cocoa contract on the NYMEX is 10 metric tons.The biggest producers of cocoa are Ivory Coast and Ghana which together account for more than 60% of the world’s output. Other major producers include: Indonesia, Nigeria, Cameroon, Ecuador and Brazil. Although cocoa is one of the world’s smallest soft commodity markets, it has global implications on food and candy producers, and the retail industry. Cocoa prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments.
Actual Previous Highest Lowest Dates Unit Frequency
5338.00 5408.00 12906.00 0.91 1959 - 2026 USD/MT Daily

News Stream
Cocoa Futures at Over 1-Week High
Cocoa futures traded around $5,600 per tonne, their highest level in over a week, supported by short covering as forecasts of dry conditions in top grower Ivory Coast raised concerns over the 2026/27 crop. At the same time, early surveys pointed to below-average cherelle formation on cocoa trees, signalling a weaker outlook for the main harvest, which began this month. Still, near-term supply remains ample, underpinned by a large global surplus in 2025/26 and inventories at a two-year high of 3.43 million bags. The medium-term outlook is less favourable, however, with estimates for 2026/27 pointing to weaker crops across West Africa due to elevated weather risks. Ivory Coast's output is expected to fall about 20% to 1.75 million tonnes, while Ghana’s production is forecast to decline 13% to 650,000 tonnes. These risks could be compounded by an unusually strong El Niño, potentially intensifying dry Harmattan winds from around November.
2026-09-23
Cocoa Hits 4-week Low
Cocoa decreased to 5711.00 USD/T, the lowest since August 2026. Over the past 4 weeks, Cocoa lost 2.62%, and in the last 12 months, it decreased 20.31%.
2026-09-17
Cocoa Futures at Over 1-Month Low
Cocoa futures fell below $5,400 per tonne, their lowest since late July, amid signs of abundant short-term supply. ICE cocoa inventories stand at a two-year high of around 3.43 million bags. Moreover, Ivory Coast cocoa shipments reached 2.14 million metric tons in the current international marketing year through Sept. 13, up 18% from a year earlier, according to Bloomberg. Meanwhile, the market continues to monitor crop diseases, excessive rainfall, and plantation conditions across West Africa. The outlook for the 2026/27 season remains uncertain, with weather risks, particularly the development of the El Niño weather pattern, threatening crops in the Ivory Coast and Ghana. This year’s strong El Niño could intensify the dry harmattan winds, which typically arrive in the region around November. This would mark a shift from excessive moisture to conditions that could threaten the final stages of the main crop, which typically runs from October to March.
2026-09-16