Cocoa futures traded above $4,000 per tonne, extending their recent recovery from multi-month lows, as the market weighed lingering weather-related risks against improving supply prospects. Market participants remain focused on the possible impacts of the El Niño phenomenon, as it could hurt cocoa crops in Ivory Coast and Ghana, which produce more than 60% of the world's cocoa. On the other hand, prospects for a recovery in African cocoa production in 2025/26 are limiting further price gains. Farmers in Ivory Coast reported rainfall was mainly below average last week in most of the country's cocoa growing regions but it was sufficient to boost the size and quality of the March-to-August mid-crop. At the same time, there were signs of increased global inventories. Latest data showed ICE cocoa inventories rose further to a near two-year high of 2,846,957 bags by May 29.

Cocoa fell to 3,762 USD/T on June 5, 2026, down 5.12% from the previous day. Over the past month, Cocoa's price has fallen 9.02%, and is down 63.02% 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 12906.00 in December of 2024. Cocoa - data, forecasts, historical chart - was last updated on June 7 of 2026.

Cocoa fell to 3,762 USD/T on June 5, 2026, down 5.12% from the previous day. Over the past month, Cocoa's price has fallen 9.02%, and is down 63.02% 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 3716.25 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 3121.33 in 12 months time.



Price Day Month Year Date
Soybeans 1,121.50 -8.00 -0.71% -4.88% 6.08% Jun/05
Wheat 580.00 -1.75 -0.30% -4.29% 4.55% Jun/05
Lumber 608.00 1.50 0.25% 5.19% 0.89% Jun/05
Cheese 1.62 0.0020 0.12% -5.04% -16.11% Jun/05
Palm Oil 4,554.00 -47.00 -1.02% 0.60% 16.26% Jun/05
Milk 16.13 -0.01 -0.06% -5.89% -14.07% Jun/05
Cocoa 3,762.00 -203.00 -5.12% -9.02% -63.02% Jun/05
Cotton 77.48 -1.010 -1.29% -7.82% 18.12% Jun/05
Rubber 230.40 -4.00 -1.71% 5.79% 43.11% Jun/05
Orange Juice 159.40 -9.00 -5.34% -11.42% -44.06% Jun/05
Coffee 246.50 -0.65 -0.26% -13.16% -31.05% Jun/05
Oat 312.50 -6.0000 -1.88% -5.09% -18.41% Jun/05
Wool 1,964.00 0 0% 3.53% 63.80% Jun/05
Rice 12.40 0 0% 4.91% -9.19% Jun/05
Canola 757.00 -27.00 -3.44% 1.82% 6.47% Jun/05
Sugar 14.14 -0.13 -0.91% -4.52% -14.36% Jun/05
Corn 417.50 -7.0000 -1.65% -7.79% -5.65% Jun/05


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
3762.00 3965.00 12906.00 0.91 1959 - 2026 USD/MT Daily

News Stream
Cocoa Futures Hover Around $4,000
Cocoa futures traded above $4,000 per tonne, extending their recent recovery from multi-month lows, as the market weighed lingering weather-related risks against improving supply prospects. Market participants remain focused on the possible impacts of the El Niño phenomenon, as it could hurt cocoa crops in Ivory Coast and Ghana, which produce more than 60% of the world's cocoa. On the other hand, prospects for a recovery in African cocoa production in 2025/26 are limiting further price gains. Farmers in Ivory Coast reported rainfall was mainly below average last week in most of the country's cocoa growing regions but it was sufficient to boost the size and quality of the March-to-August mid-crop. At the same time, there were signs of increased global inventories. Latest data showed ICE cocoa inventories rose further to a near two-year high of 2,846,957 bags by May 29.
2026-06-01
Cocoa is down by 5.03%
Cocoa decreased 5.03% to 3892.97 USD/T
2026-05-29
Cocoa Futures on the Rise
Cocoa futures rose toward $4,180 per tonne, the highest in nearly two weeks, driven by weather-related factors and intense short covering. The main trigger came from the Ivory Coast, the world’s largest cocoa producer, where heavy rains caused flooding in key growing regions, disrupting farming activity and logistics and raising concerns over supply flows and quality. The market has also increasingly priced in climate risks, with the potential formation of an El Niño event returning to focus and raising concerns over West African cocoa crop in the coming months. The phenomenon is associated with volatile global weather patterns, including both excess rainfall and drought conditions depending on the region. Nevertheless, signs of abundant cocoa supplies limited the upside. ICE cocoa inventories rose to a 1.75-year high of 2,745,277 bags as of May 26.
2026-05-27