Cocoa futures rose above $3,500 per tonne, reaching the highest since mid-February, supported by a weaker US dollar and spillover effects from lingering geopolitical tensions. The closure of the Strait of Hormuz weighs on the cocoa market by disrupting fertilizer supply chains and increasing global shipping rates, insurance premiums, and fuel costs, thereby raising production and import expenses. However, market fundamentals remained pressured by ample West African supply expectations and subdued demand. Latest data showed ICE cocoa inventories rose to a 19.5-month high of 2,610,453 bags by April 13. At the same time, cocoa arrivals at ports in top grower Ivory Coast rose 0.7% to 1.462 million metric tons as of April 12, since the start of the season on October 1. Attention turns to the release of first-quarter grinding data across Europe, Asia, and North America, due on April 16, expected to signal weak global demand.

Cocoa rose to 3,500.84 USD/T on April 17, 2026, up 1.33% from the previous day. Over the past month, Cocoa's price has risen 7.39%, but it is still 58.02% 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 April 17 of 2026.

Cocoa rose to 3,500.84 USD/T on April 17, 2026, up 1.33% from the previous day. Over the past month, Cocoa's price has risen 7.39%, but it is still 58.02% 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 3123.37 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 2728.26 in 12 months time.



Price Day Month Year Date
Soybeans 1,160.92 -2.83 -0.24% -0.07% 12.07% Apr/17
Wheat 597.28 -1.22 -0.20% -1.15% 10.92% Apr/17
Lumber 583.00 2.00 0.34% -4.43% 1.84% Apr/16
Cheese 1.64 -0.0121 -0.73% -1.15% -4.99% Apr/17
Palm Oil 4,503.00 27.00 0.60% -1.68% 13.28% Apr/17
Milk 16.86 -0.11 -0.65% 4.27% -2.94% Apr/16
Cocoa 3,519.13 64.13 1.86% 7.95% -57.80% Apr/17
Cotton 78.74 0.609 0.78% 14.61% 18.67% Apr/17
Rubber 203.40 -0.10 -0.05% 3.99% 20.28% Apr/17
Orange Juice 176.10 -8.50 -4.60% -7.56% -42.07% Apr/16
Coffee 286.99 -3.41 -1.17% -2.02% -23.83% Apr/17
Oat 341.78 -4.2243 -1.22% -6.04% -3.93% Apr/17
Wool 1,825.00 0 0% 2.36% 48.13% Apr/17
Rice 10.84 -0.0700 -0.64% -4.54% -19.66% Apr/17
Canola 722.48 -1.82 -0.25% -0.51% 8.10% Apr/17
Sugar 13.72 -0.08 -0.57% -7.29% -23.39% Apr/17
Corn 450.06 1.5563 0.35% -2.85% -6.58% Apr/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
3500.84 3455.00 12906.00 0.91 1959 - 2026 USD/MT Daily

News Stream
Cocoa Futures Rise to 2-Month Highs
Cocoa futures rose above $3,500 per tonne, reaching the highest since mid-February, supported by a weaker US dollar and spillover effects from lingering geopolitical tensions. The closure of the Strait of Hormuz weighs on the cocoa market by disrupting fertilizer supply chains and increasing global shipping rates, insurance premiums, and fuel costs, thereby raising production and import expenses. However, market fundamentals remained pressured by ample West African supply expectations and subdued demand. Latest data showed ICE cocoa inventories rose to a 19.5-month high of 2,610,453 bags by April 13. At the same time, cocoa arrivals at ports in top grower Ivory Coast rose 0.7% to 1.462 million metric tons as of April 12, since the start of the season on October 1. Attention turns to the release of first-quarter grinding data across Europe, Asia, and North America, due on April 16, expected to signal weak global demand.
2026-04-14
Cocoa Hits 4-week High
Cocoa increased to 3391.00 USD/T, the highest since March 2026. Over the past 4 weeks, Cocoa lost 0.93%, and in the last 12 months, it decreased 57.58%.
2026-04-14
Cocoa Futures Remain Subdued
Cocoa futures traded in a narrow range around $3,200 per tonne, close to June 2023 lows, as market fundamentals continued to be shaped by expectations of abundant supply and subdued demand. Latest data showed ICE cocoa inventories rose to a 19.5-month high of 2,540,983 bags by April 10, reinforcing the perception of comfortable short-term availability. Meanwhile, farmers in top grower Ivory Coast said the March-to-August 2026 cocoa mid-crop is developing well, supported by a mix of recent rains and sunny spells in most growing regions. They expected a good mid-crop that would be concentrated between May and July, but warned that more rains were needed to hep the crop to reach its maximum potential. The market is now focused on the upcoming release of first-quarter grinding figures on April 16, covering data from Europe, Asia, and North America. The prevailing expectation is for weaker performance, reflecting the fragility of global demand for cocoa derivatives.
2026-04-13