Actual
5,843.00
Daily Change
42.00 0.72%
Monthly
8.16%
Yearly
-7.22%
Q4 Forecast
5,418.26
Cocoa - Summary

Cocoa prices traded around $5,700 a tonne following recent volatility, remaining well above February’s lows, supported by signs of improvig demand and concerns over West African supplies. Third-quarter grindings rose a stronger-than-expected 14.3% across key processing regions, led by a 29.2% jump in Asia and a 3.2% rise in Europe, although North American processing declined 2.5%. On the supply side, concerns over the 2026/27 crop persist, as below-average rainfall in Côte d’Ivoire and Ghana and the potential impact of El Niño raise the risk of lower production. Meanwhile, ICE-monitored cocoa inventories continued to rise, reaching 3,593,964 bags on October 16, their highest level in more than two years.

Cocoa - Stats

Cocoa rose to 5,843 USD/T on October 21, 2026, up 0.72% from the previous day. Over the past month, Cocoa's price has risen 8.16%, but it is still 7.22% 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 October 22 of 2026.

Cocoa - Forecast

Cocoa rose to 5,843 USD/T on October 21, 2026, up 0.72% from the previous day. Over the past month, Cocoa's price has risen 8.16%, but it is still 7.22% 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 5418.26 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 4632.85 in 12 months time.



Price Day Month Year Date
Soybeans 1,244.11 -1.14 -0.09% -5.61% 19.08% Oct/22
Wheat 628.67 0.42 0.07% -11.27% 22.55% Oct/22
Lumber 521.50 -3.50 -0.67% -2.89% -13.01% Oct/21
Cheese 1.63 -0.0160 -0.98% 9.65% -6.50% Oct/22
Palm Oil 4,767.00 -50.00 -1.04% -0.89% 7.03% Oct/21
Milk 15.29 -0.08 -0.52% -5.27% -9.79% Oct/21
Cocoa 5,843.00 42.00 0.72% 8.16% -7.22% Oct/21
Cotton 81.22 -0.609 -0.74% -2.01% 26.77% Oct/22
Rubber 258.10 1.90 0.74% 8.45% 49.80% Oct/21
Orange Juice 145.40 -3.60 -2.42% -4.66% -17.34% Oct/21
Coffee 316.15 4.85 1.56% 16.10% -24.88% Oct/21
Oat 380.24 -0.5061 -0.13% -8.87% 23.66% Oct/22
Wool 1,803.00 0 0% -2.91% 26.35% Oct/22
Rice 17.30 0.1650 0.96% 6.00% 68.95% Oct/22
Canola 786.97 1.47 0.19% -4.62% 27.24% Oct/22
Sugar 20.45 -0.07 -0.34% 10.18% 35.43% Oct/21
Corn 464.39 1.1417 0.25% -12.21% 8.50% Oct/22


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
5843.00 5801.00 12906.00 0.91 1959 - 2026 USD/MT Daily

News Stream
Cocoa Futures Hover Around $5,700
Cocoa prices traded around $5,700 a tonne following recent volatility, remaining well above February’s lows, supported by signs of improvig demand and concerns over West African supplies. Third-quarter grindings rose a stronger-than-expected 14.3% across key processing regions, led by a 29.2% jump in Asia and a 3.2% rise in Europe, although North American processing declined 2.5%. On the supply side, concerns over the 2026/27 crop persist, as below-average rainfall in Côte d’Ivoire and Ghana and the potential impact of El Niño raise the risk of lower production. Meanwhile, ICE-monitored cocoa inventories continued to rise, reaching 3,593,964 bags on October 16, their highest level in more than two years.
2026-10-19
Cocoa Futures at 1-Month High
Cocoa prices rose further to around $5,800 a tonne, their highest level since mid-September, supported by weather-related supply concerns. Local reports indicated that heavy rainfall in the Ivory Coast, the world’s largest cocoa producer, had disrupted harvesting and delayed bean deliveries to ports, limiting near-term availability. However, both the Ivory Coast and Ghana have received below-average rainfall in recent months, raising the risk of stress on the next crop. Local farmers remained worried about the size and quality of the next cocoa crop, which is expected to be harvested from early 2027. The possible strengthening of El Niño adds to these concerns, as it could bring hotter, drier weather to West Africa and increase the risk of heavy rain and flooding in parts of Latin America, including Ecuador. Meanwhile, third-quarter cocoa-grinding data from Europe and North America, due on October 15, will provide further insight into demand.
2026-10-13
Cocoa Rises as West African Crop Risks Intensify
Cocoa prices rose above $5,600 a tonne, nearly doubling their February level, as concerns grew over the next harvest in West Africa. The possible strengthening of El Niño is adding to supply concerns. Ivory Coast, the world’s largest cocoa producer, is expected to face below-average rainfall through early 2027, according to the country’s weather agency. West Africa accounts for more than half of global cocoa production, leaving international supplies particularly exposed to adverse weather conditions in the region. StoneX Group expects Ivory Coast’s output to fall 11% to 1.8 million tonnes in the 2026–27 season. Ghana, the second-largest producer, also expects production to decline by around 13% to 650,000 tonnes. Meanwhile, estimates showed cocoa arrivals at Ivorian ports reached 77,500 tonnes so far since the start of the 2026/27 season.
2026-10-12