Cocoa futures rose further to breach $4,400 per tonne, the highest level since late January, fueled by fund short covering and growing supply risks. While weather conditions in West Africa, particularly in the Ivory Coast and Ghana, have recently improved, supporting short-term output and allowing for a gradual rebuilding of global stocks, the outlook remains uncertain. Irregular rainfall during the key mid-crop season continues to pose risks, especially if dry spells persist and affect yields and bean quality in the latter stages of the harvest. Moreover, fertilizer shortages and the rising likelihood of the El Niño phenomenon are expected to constrain 2026/27 production, with farmers in top grower Ivory Coast already reporting difficulties securing inputs amid cash constraints. Reflecting this, StoneX has lowered its global cocoa surplus forecasts for both 2025/26 and 2026/27, signaling tighter supply conditions. On the demand side, conditions remain subdued.

Cocoa rose to 4,359 USD/T on May 7, 2026, up 5.42% from the previous day. Over the past month, Cocoa's price has risen 33.22%, but it is still 52.25% lower than a year ago, 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 May 8 of 2026.

Cocoa rose to 4,359 USD/T on May 7, 2026, up 5.42% from the previous day. Over the past month, Cocoa's price has risen 33.22%, but it is still 52.25% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Cocoa is expected to trade at 3494.87 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 3017.40 in 12 months time.



Price Day Month Year Date
Soybeans 1,176.85 -0.15 -0.01% 1.00% 11.89% May/08
Wheat 601.65 -0.10 -0.02% 4.73% 15.31% May/08
Lumber 576.50 -1.50 -0.26% -2.12% 4.12% May/07
Cheese 1.69 -0.0121 -0.71% 3.30% -7.62% May/08
Palm Oil 4,541.00 14.00 0.31% -0.98% 19.47% May/07
Milk 17.04 -0.01 -0.06% 0% -7.49% May/08
Cocoa 4,427.00 292.00 7.06% 35.30% -51.51% May/07
Cotton 82.99 -0.006 -0.01% 10.19% 24.39% May/08
Rubber 219.60 1.80 0.83% 7.12% 27.45% May/07
Orange Juice 173.20 -6.75 -3.75% -15.55% -36.14% May/07
Coffee 273.25 -10.60 -3.73% -5.55% -31.09% May/07
Oat 312.27 -13.2301 -4.06% -6.08% -9.16% May/08
Wool 1,886.00 -11.00 -0.58% 5.60% 58.35% May/07
Rice 11.67 -0.1500 -1.27% 6.97% -5.97% May/08
Canola 740.20 1.00 0.14% 4.44% 5.88% May/08
Sugar 14.56 -0.25 -1.69% 2.32% -16.84% May/07
Corn 453.05 0.3040 0.07% 2.04% 0.73% May/08


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
4359.00 4135.00 12906.00 0.91 1959 - 2026 USD/MT Daily

News Stream
Cocoa Futures at Over 3-Month High
Cocoa futures rose further to breach $4,400 per tonne, the highest level since late January, fueled by fund short covering and growing supply risks. While weather conditions in West Africa, particularly in the Ivory Coast and Ghana, have recently improved, supporting short-term output and allowing for a gradual rebuilding of global stocks, the outlook remains uncertain. Irregular rainfall during the key mid-crop season continues to pose risks, especially if dry spells persist and affect yields and bean quality in the latter stages of the harvest. Moreover, fertilizer shortages and the rising likelihood of the El Niño phenomenon are expected to constrain 2026/27 production, with farmers in top grower Ivory Coast already reporting difficulties securing inputs amid cash constraints. Reflecting this, StoneX has lowered its global cocoa surplus forecasts for both 2025/26 and 2026/27, signaling tighter supply conditions. On the demand side, conditions remain subdued.
2026-05-04
Cocoa Hits 11-week High
Cocoa increased to 3717.00 USD/T, the highest since February 2026. Over the past 4 weeks, Cocoa gained 13.9%, and in the last 12 months, it decreased 57.42%.
2026-05-04
Cocoa Futures Hover Around 2023-Lows
Cocoa futures have traded in a narrow range around $3,400 per tonne, close to the lowest since 2023, reflecting expectations of abundant supply alongside signs of subdued global demand. On the supply side, weather conditions have generally improved in key West African producers such as Ivory Coast and Ghana, supporting better production prospects. However, irregular rainfall in Ivory Coast’s main cocoa-growing regions is starting to raise concerns in the global cocoa market, particularly at a critical stage for the development of the mid-crop, which runs from March to August. While harvesting is still progressing and farmers report good pod development that should support output in the short term (particularly in May and June), continued dry weather could eventually reduce yields and also hurt bean quality later in the season. Meanwhile, recent grinding data suggested that cocoa demand remains weak, as Europe and the United States continued to report declines.
2026-04-28