Cocoa prices traded around $3,000 per tonne, close to the lowest since May 2023, as the market continued to be supported by expectations of abundant supply and subdued demand. Favorable weather has improved production prospects in key West African producers, with South American output, particularly from Ecuador, also contributing. Hedgepoint Global Markets on February 27 estimated a 2025/26 global surplus of 365,000 tons, with Ivory Coast producing 1.78 million tons, Ghana 650,000 tons, and Ecuador 615,000 tons. At the same time, ICCO raised its 2024/25 surplus estimate from 49,000 to 75,000 tonnes. On the other hand, slowing global demand has led to a notable accumulation of stockpiles in major producers such as the Ivory Coast and Ghana. Both countries recently cut prices paid to farmers to align with falling international cocoa prices. In recent months, exporters had been postponing purchases of cocoa, as the domestic price was far above the price on the international market.

Cocoa rose to 3,230 USD/T on March 6, 2026, up 5.73% from the previous day. Over the past month, Cocoa's price has fallen 22.84%, and is down 59.91% 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 March 7 of 2026.

Cocoa rose to 3,230 USD/T on March 6, 2026, up 5.73% from the previous day. Over the past month, Cocoa's price has fallen 22.84%, and is down 59.91% 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 3192.62 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 2704.80 in 12 months time.



Price Day Month Year Date
Soybeans 1,185.00 21.25 1.83% 6.68% 17.30% Mar/06
Wheat 608.25 25.50 4.38% 15.04% 13.96% Mar/06
Lumber 563.50 -3.00 -0.53% -5.69% -12.10% Mar/06
Cheese 1.66 -0.0310 -1.83% 3.94% -3.38% Mar/06
Palm Oil 4,375.00 157.00 3.72% 5.35% -2.34% Mar/05
Milk 16.37 -0.10 -0.61% 7.56% -10.84% Mar/06
Cocoa 3,230.00 175.00 5.73% -22.84% -59.91% Mar/06
Cotton 64.21 0.174 0.27% 4.23% -2.89% Mar/06
Rubber 194.20 -3.20 -1.62% 3.24% -2.75% Mar/06
Orange Juice 180.25 -9.35 -4.93% 6.75% -40.51% Mar/06
Coffee 294.15 5.35 1.85% 0.10% -25.06% Mar/06
Oat 311.91 -18.0924 -5.48% 4.32% -13.48% Mar/06
Wool 1,767.00 0 0% 5.37% 44.24% Mar/06
Rice 10.66 -0.1300 -1.20% -4.74% -19.52% Mar/06
Canola 730.80 10.90 1.51% 9.78% 16.35% Mar/06
Sugar 14.09 0.37 2.70% -1.81% -23.13% Mar/06
Corn 447.25 5.7500 1.30% 4.31% -1.76% Mar/06


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
3230.00 3055.00 12906.00 0.91 1959 - 2026 USD/MT Daily

News Stream
Cocoa Futures Remain Subdued
Cocoa prices traded around $3,000 per tonne, close to the lowest since May 2023, as the market continued to be supported by expectations of abundant supply and subdued demand. Favorable weather has improved production prospects in key West African producers, with South American output, particularly from Ecuador, also contributing. Hedgepoint Global Markets on February 27 estimated a 2025/26 global surplus of 365,000 tons, with Ivory Coast producing 1.78 million tons, Ghana 650,000 tons, and Ecuador 615,000 tons. At the same time, ICCO raised its 2024/25 surplus estimate from 49,000 to 75,000 tonnes. On the other hand, slowing global demand has led to a notable accumulation of stockpiles in major producers such as the Ivory Coast and Ghana. Both countries recently cut prices paid to farmers to align with falling international cocoa prices. In recent months, exporters had been postponing purchases of cocoa, as the domestic price was far above the price on the international market.
2026-03-05
Cocoa Futures Ease
Cocoa prices eased to around $2,900 per tonne, after a technical recovery briefly pushed them above $3,000 per tonne on March 2. Underlying market fundamentals remained pressured by expectations of abundant supply and weakened demand. Favorable weather in West Africa has been supporting more robust production prospects, while South America, especially Ecuador, is expanding its share of global supply. At the same time, slowing global demand is contributing to the accumulation of inventories around the world, limiting the potential for a sustained recovery in prices in the short term. Hedgepoint Global Markets projects a global surplus of 365,000 tons for the 2025/26 crop year, according to its late-February forecast. For 2024/25, world production was revised to 4.728 million tons, up from the previously projected 4.698 million tons, representing an 8.4% increase compared to the 4.362 million tons recorded in 2023/24.
2026-03-03
Cocoa Futures Move Higher
Cocoa prices rose slightly above $3,000 per tonne, recovering from near three-year lows of $2,888 hit in late February. The rebound reflected technical buying rather than a shift in market fundamentals, which remain dominated by prospects of abundant supply and weak demand. Favorable weather has improved production prospects in key West African producers, with South American output, particularly from Ecuador, also on the rise. On the other hand, slowing global demand has driven a notable accumulation of stockpiles. Hedgepoint Global Markets on February 27 estimated a 2025/26 global surplus of 365,000 tons, with Ivory Coast producing 1.78 million tons, Ghana 650,000 tons, and Ecuador 615,000 tons. At the same time, ICCO raised its 2024/25 surplus estimate from 49,000 to 75,000 tonnes. World output for 2024/25 is now projected at 4.728 million tons, up from the previously projected 4.698 million tons, and representing an 8.4% increase from the 4.362 million tonnes recorded in 2023/24.
2026-03-02