Actual
6,073.52
Daily Change
300.52 5.21%
Monthly
10.03%
Yearly
-24.52%
Q3 Forecast
5,632.84
Cocoa - Summary

Cocoa futures rose toward $5,800 per tonne, supported by a weaker US dollar and falling inventories, alongside concerns over the 2026/27 crop outlook. Although the current season has seen a substantial improvement in supply, traders are increasingly pricing in the possibility of tighter conditions next season as weather risks build across West Africa. In Ivory Coast, farmers have warned that plantations need more sunshine following a period of below-average rainfall and cooler temperatures, with continued unfavorable conditions potentially hampering development of the September-to-February main crop. The developing El Niño pattern is adding to production risks, prompting StoneX in late July to cut its estimate for the 2026/27 global cocoa surplus to 25,000 MT from 149,000 MT in April. Limiting the upside, however, COCOBOD’s new financing model has eased concerns that liquidity constraints in Ghana could disrupt cocoa purchases and exports.

Cocoa - Stats

Cocoa rose to 6,052.54 USD/T on August 17, 2026, up 4.84% from the previous day. Over the past month, Cocoa's price has risen 9.65%, but it is still 24.79% 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 August 17 of 2026.

Cocoa - Forecast

Cocoa rose to 6,052.54 USD/T on August 17, 2026, up 4.84% from the previous day. Over the past month, Cocoa's price has risen 9.65%, but it is still 24.79% 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 5632.84 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 4751.76 in 12 months time.



Price Day Month Year Date
Soybeans 1,201.85 24.10 2.05% -1.97% 17.74% Aug/17
Wheat 676.23 1.48 0.22% 0.33% 34.51% Aug/17
Lumber 571.53 3.53 0.62% -11.53% -4.43% Aug/17
Cheese 1.67 -0.0195 -1.16% -1.27% -5.85% Aug/17
Palm Oil 4,717.00 7.00 0.15% 1.59% 3.44% Aug/17
Milk 16.52 -0.02 -0.12% 5.02% -5.17% Aug/17
Cocoa 6,073.52 300.52 5.21% 10.03% -24.52% Aug/17
Cotton 85.42 0.625 0.74% 8.24% 28.84% Aug/17
Rubber 219.80 -1.50 -0.68% 2.28% 28.31% Aug/17
Orange Juice 147.92 2.87 1.98% 0.35% -38.47% Aug/17
Coffee 317.17 2.87 0.91% -2.27% -7.69% Aug/17
Oat 332.81 9.0566 2.80% -2.69% -1.24% Aug/17
Wool 1,873.00 0 0% -1.47% 51.17% Aug/17
Rice 14.14 0.1607 1.15% 1.01% 12.36% Aug/17
Canola 829.69 10.79 1.32% 2.41% 27.31% Aug/17
Sugar 16.90 0.30 1.81% 14.04% 4.00% Aug/17
Corn 465.99 6.9907 1.52% 3.67% 21.67% Aug/17


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
6052.54 5773.00 12906.00 0.91 1959 - 2026 USD/MT Daily

News Stream
Cocoa Futures Higher
Cocoa futures rose toward $5,800 per tonne, supported by a weaker US dollar and falling inventories, alongside concerns over the 2026/27 crop outlook. Although the current season has seen a substantial improvement in supply, traders are increasingly pricing in the possibility of tighter conditions next season as weather risks build across West Africa. In Ivory Coast, farmers have warned that plantations need more sunshine following a period of below-average rainfall and cooler temperatures, with continued unfavorable conditions potentially hampering development of the September-to-February main crop. The developing El Niño pattern is adding to production risks, prompting StoneX in late July to cut its estimate for the 2026/27 global cocoa surplus to 25,000 MT from 149,000 MT in April. Limiting the upside, however, COCOBOD’s new financing model has eased concerns that liquidity constraints in Ghana could disrupt cocoa purchases and exports.
2026-08-17
Cocoa Traders Balance Crop Risks and Supply Outlook
Cocoa prices eased to around $5,700 per tonne, leaving the market little changed for the year as traders continued to assess crop prospects and weather risks. Attention remained focused on the outlook for the 2026/27 season, with expectations of lower production potentially helping to rebalance the market following a substantial global surplus in 2025/26. Production forecasts for major growers Ivory Coast and Ghana have already been reduced, while adverse weather is adding to concerns over the next crop. In Ivory Coast, below-average rainfall, overcast conditions and a recent spell of colder weather have raised concerns about the development of the September-to-February main crop, according to farmers. Supply risks are also emerging elsewhere, with estimates suggesting that Ecuador, Peru and Southeast Asia could collectively produce around 100,000 tonnes less cocoa next season.
2026-08-10
Cocoa Futures Hover Near 1-Month High
Cocoa prices traded around $5,800 per tonne, close to their highest in nearly a month, influenced by crop forecasts and ongoing climate risks. Supply concerns have intensified in the key producing region of West Africa after Ghana's cocoa regulator COCOBOD projected a decline of at least 16% in 2026/27 cocoa production due to unfavorable weather, disease, ageing plantations, illegal mining, and the crop's natural yield cycle. Expectations of a more than 10% drop in Ivory Coast's output next season, along with the risk of excessive rainfall boosting disease pressure, further supported prices. Additionally, concerns mounted that Ecuador, Peru and Southeast Asia could together produce 100,000 tons less cocoa.
2026-08-06