Actual
5,669.91
Daily Change
4.91 0.09%
Monthly
-4.90%
Yearly
-3.05%
Q4 Forecast
5,400.30
Cocoa - Summary

Cocoa futures eased to around $5,640 a tonne, pulling back slightly after recent gains lifted prices to near three-week highs. The market remains range-bound, caught between ample current supplies and a deteriorating outlook for 2026/27 linked to El Niño. Ivory Coast’s main crop is expected to fall about 17% this season, while farmers recently warned that upcoming rains should ease drought concerns but may not fully support recovery in young pods. Cocoa arrivals at Ivorian ports reached 18,000 tonnes in the week to October 4, taking the season total to 54,500 tonnes. Meanwhile, third-quarter grinding data from Europe and North America, due October 15, will be closely watched for further clues on demand.

Cocoa - Stats

Cocoa rose to 5,670.33 USD/T on October 9, 2026, up 0.09% from the previous day. Over the past month, Cocoa's price has fallen 4.89%, and is down 3.04% 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 October 10 of 2026.

Cocoa - Forecast

Cocoa rose to 5,670.33 USD/T on October 9, 2026, up 0.09% from the previous day. Over the past month, Cocoa's price has fallen 4.89%, and is down 3.04% 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 5400.30 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 4655.07 in 12 months time.



Price Day Month Year Date
Soybeans 1,292.25 4.75 0.37% -3.00% 28.36% Oct/09
Wheat 670.75 -12.50 -1.83% -9.51% 34.55% Oct/09
Lumber 532.53 14.03 2.71% -7.95% -12.77% Oct/09
Cheese 1.50 -0.0069 -0.46% -3.65% -13.69% Oct/09
Palm Oil 4,592.00 -69.00 -1.48% -6.00% 1.01% Oct/09
Milk 14.98 -0.04 -0.27% -7.53% -11.47% Oct/09
Cocoa 5,669.91 4.91 0.09% -4.90% -3.05% Oct/09
Cotton 80.38 0.443 0.55% -8.88% 25.91% Oct/09
Rubber 259.00 0.80 0.31% 6.50% 49.80% Oct/09
Orange Juice 146.56 -3.39 -2.26% 1.95% -28.02% Oct/09
Coffee 285.17 -3.88 -1.34% -1.04% -23.56% Oct/09
Oat 432.25 -1.5029 -0.35% 14.12% 45.42% Oct/09
Wool 1,820.00 1.00 0.06% -3.70% 19.97% Oct/09
Rice 16.97 0.1200 0.71% 8.57% 58.90% Oct/09
Canola 816.95 1.05 0.13% -2.66% 34.50% Oct/09
Sugar 20.27 0.12 0.60% 8.23% 25.91% Oct/09
Corn 480.50 -19.7500 -3.95% -9.98% 16.34% Oct/09


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
5670.33 5665.00 12906.00 0.91 1959 - 2026 USD/MT Daily

News Stream
Cocoa Prices Retreat From Three-Week Highs
Cocoa futures eased to around $5,640 a tonne, pulling back slightly after recent gains lifted prices to near three-week highs. The market remains range-bound, caught between ample current supplies and a deteriorating outlook for 2026/27 linked to El Niño. Ivory Coast’s main crop is expected to fall about 17% this season, while farmers recently warned that upcoming rains should ease drought concerns but may not fully support recovery in young pods. Cocoa arrivals at Ivorian ports reached 18,000 tonnes in the week to October 4, taking the season total to 54,500 tonnes. Meanwhile, third-quarter grinding data from Europe and North America, due October 15, will be closely watched for further clues on demand.
2026-10-07
Cocoa Futures at Over 2-Month Low
Cocoa futures eased toward $5,100 per tonne, their lowest since July 27, pressured by ample supply following a large global surplus in the 2025/26 season. Rising inventories added to the downward pressure, with ICE cocoa stocks reaching a 2.25-year high of 3,481,504 bags as of September 30. At the same time, government data showed Ivory Coast's cocoa shipments totaled 2.18 MMT in the current marketing year, from October 1, 2025, to September 27, 2026, up 19.8% from the same period a year earlier. The medium-term outlook is less favourable, however, with West African crop prospects facing increased weather risks in 2026/27, including those associated with El Niño. Early estimates for the next season are far from comfortable. Forecasts for Ivory Coast point to production of around 1.8 million metric tons, well below roughly 2.2 million metric tons in 2025/26.
2026-10-01
Cocoa Futures at Over 1-Week High
Cocoa futures traded around $5,600 per tonne, their highest level in over a week, supported by short covering as forecasts of dry conditions in top grower Ivory Coast raised concerns over the 2026/27 crop. At the same time, early surveys pointed to below-average cherelle formation on cocoa trees, signalling a weaker outlook for the main harvest, which began this month. Still, near-term supply remains ample, underpinned by a large global surplus in 2025/26 and inventories at a two-year high of 3.43 million bags. The medium-term outlook is less favourable, however, with estimates for 2026/27 pointing to weaker crops across West Africa due to elevated weather risks. Ivory Coast's output is expected to fall about 20% to 1.75 million tonnes, while Ghana’s production is forecast to decline 13% to 650,000 tonnes. These risks could be compounded by an unusually strong El Niño, potentially intensifying dry Harmattan winds from around November.
2026-09-23