Actual
5,046.00
Daily Change
175.00 3.59%
Monthly
-11.10%
Yearly
-10.29%
Q4 Forecast
5,007.46
Cocoa - Summary

Cocoa futures eased further to around $4,700 a tonne, reaching their lowest since June 23, as rising inventories eased supply concerns. ICE cocoa inventories have been rising since the start of the year, recently reaching a fresh 2.5-year high of 3,751,670 bags. Meanwhile, the market continued to closely monitor weather conditions in the top cocoa-growing region of West Africa. In top producer Ivory Coast, October rainfall was irregular amid the influence of El Niño, arriving late and in insufficient amounts to support flowering and fruit development. Reuters, citing cocoa industry technicians and exporters, indicated that Ivory Coast's 2026/27 mid-crop harvest could plunge 42–50% yoy to 300,000–350,000 tonne. There are fears that Harmattan winds in December and January, coupled with the dry season lasting until March, will damage flowers and newly formed fruits. Meanwhile, hotter and drier conditions in neighbouring Ghana and Nigeria also threatened crop development.

Cocoa - Stats

Cocoa rose to 5,046 USD/T on November 11, 2026, up 3.59% from the previous day. Over the past month, Cocoa's price has fallen 11.10%, and is down 10.29% 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 in December of 2024. Cocoa - data, forecasts, historical chart - was last updated on November 12 of 2026.

Cocoa - Forecast

Cocoa rose to 5,046 USD/T on November 11, 2026, up 3.59% from the previous day. Over the past month, Cocoa's price has fallen 11.10%, and is down 10.29% 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 5007.46 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 4239.47 in 12 months time.



Price Day Month Year Date
Soybeans 1,226.31 -2.69 -0.22% -4.47% 6.91% Nov/12
Wheat 600.23 0.73 0.12% -10.31% 12.04% Nov/12
Lumber 499.50 -11.50 -2.25% -7.41% -13.36% Nov/11
Cheese 1.64 0.0010 0.06% 5.48% -6.41% Nov/12
Palm Oil 4,410.00 154.00 3.62% -4.90% 6.91% Nov/11
Milk 17.81 -0.02 -0.11% 18.34% 3.55% Nov/12
Cocoa 5,046.00 175.00 3.59% -11.10% -10.29% Nov/11
Cotton 78.37 -4.020 -4.88% -2.66% 24.59% Nov/12
Rubber 240.30 2.50 1.05% -9.25% 41.27% Nov/11
Orange Juice 145.75 -1.00 -0.68% -3.73% -14.16% Nov/11
Coffee 264.65 -1.25 -0.47% -8.93% -34.44% Nov/11
Oat 348.33 -2.4216 -0.69% -16.17% 11.73% Nov/12
Wool 1,698.00 0 0% -6.70% 16.46% Nov/12
Rice 17.90 0.0650 0.36% 4.03% 72.39% Nov/12
Canola 782.04 12.40 1.61% -3.84% 20.15% Nov/12
Sugar 18.48 0.39 2.16% -11.37% 27.27% Nov/11
Corn 448.27 0.2740 0.06% -7.14% 1.53% Nov/12


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
5046.00 4871.00 12906.00 0.91 1959 - 2026 USD/MT Daily

News Stream
Cocoa Futures at Over 4-Month Low
Cocoa futures eased further to around $4,700 a tonne, reaching their lowest since June 23, as rising inventories eased supply concerns. ICE cocoa inventories have been rising since the start of the year, recently reaching a fresh 2.5-year high of 3,751,670 bags. Meanwhile, the market continued to closely monitor weather conditions in the top cocoa-growing region of West Africa. In top producer Ivory Coast, October rainfall was irregular amid the influence of El Niño, arriving late and in insufficient amounts to support flowering and fruit development. Reuters, citing cocoa industry technicians and exporters, indicated that Ivory Coast's 2026/27 mid-crop harvest could plunge 42–50% yoy to 300,000–350,000 tonne. There are fears that Harmattan winds in December and January, coupled with the dry season lasting until March, will damage flowers and newly formed fruits. Meanwhile, hotter and drier conditions in neighbouring Ghana and Nigeria also threatened crop development.
2026-11-06
Cocoa Prices Hold Near $5,400
Cocoa futures hovered around $5,400 a tonne, holding close to their lowest since early October, pressured by a sustained increase in ICE inventories. The volume of cocoa held in ICE-monitored warehouses has grown throughout the year, reaching a 2.5-year high of 3,688,949 bags by October 29. Meanwhile, farmers in Ivory Coast, the world's largest cocoa producer, reported that despite below-average rainfall across most growing regions, conditions remained adequate to support the current September-to-February main crop. The outlook for the broader 2026/27 season, however, is less encouraging. StoneX projects global production to decline by 9.6% to 4.74 million tonnes, potentially turning a 494,000-tonne surplus in 2025/26 into a 64,000-tonne deficit. Output is expected to contract across several major producers, including Ivory Coast, Ghana, Ecuador and Indonesia, amid weather disruptions associated with El Niño.
2026-10-30
Cocoa Hits 4-week Low
Cocoa decreased to 5374.00 USD/T, the lowest since October 2026. Over the past 4 weeks, Cocoa gained 0.22%, and in the last 12 months, it decreased 12.33%.
2026-10-30