Cocoa futures extended their rally above $5,900 per tonne, a new high since January, amid persistent jitters over the upcoming West African cocoa crop. The market remained supported by expectations of lower production in top grower Ivory Coast during the 2026/27 season. Several producing regions are reporting fewer fruits than expected for this time of year, while the mid-crop and early development of the main crop are lagging previous seasons. Some analysts forecast output at 1.7-1.8 million metric tons, down from about 2.2 million in 2025/26, after heavy rainfall flooded plantations and disrupted harvesting and transport. Excessive moisture also can promote fungal diseases and pests during the critical cocoa pod formation and ripening stages. Heavy rains also hit Ghana. Another risk is the possibility of El Niño strengthening in the second half of the year, which could intensify the Harmattan, a hot, dry West African wind that re duces soil moisture and causes water stress in plants.

Cocoa rose to 6,055.75 USD/T on July 8, 2026, up 5.15% from the previous day. Over the past month, Cocoa's price has risen 54.88%, but it is still 27.70% 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 July 8 of 2026.

Cocoa rose to 6,055.75 USD/T on July 8, 2026, up 5.15% from the previous day. Over the past month, Cocoa's price has risen 54.88%, but it is still 27.70% 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 5516.05 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 4786.30 in 12 months time.



Price Day Month Year Date
Soybeans 1,203.53 6.78 0.57% 8.06% 19.28% Jul/08
Wheat 610.42 1.17 0.19% 4.30% 11.59% Jul/08
Lumber 618.54 -5.96 -0.95% 0.09% 0.79% Jul/08
Cheese 1.61 0.0030 0.19% -0.56% -8.64% Jul/08
Palm Oil 4,609.00 62.00 1.36% 1.79% 10.82% Jul/08
Milk 15.62 0.02 0.13% -2.80% -9.82% Jul/08
Cocoa 6,072.76 313.76 5.45% 55.31% -27.50% Jul/08
Cotton 80.89 -0.403 -0.50% 7.42% 22.08% Jul/08
Rubber 216.80 2.90 1.36% -3.69% 33.33% Jul/08
Orange Juice 148.18 -8.57 -5.47% -13.02% -40.46% Jul/08
Coffee 316.61 -0.99 -0.31% 31.43% 10.76% Jul/08
Oat 293.26 -0.7376 -0.25% -6.53% -21.48% Jul/08
Wool 1,904.00 0 0% -3.06% 57.62% Jul/08
Rice 13.22 0.4150 3.24% 6.66% 0.53% Jul/08
Canola 770.04 9.44 1.24% 0.29% 14.85% Jul/08
Sugar 15.13 -0.01 -0.09% 7.43% -8.66% Jul/08
Corn 440.56 -1.9440 -0.44% 5.02% 10.35% Jul/08


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
6055.75 5759.00 12906.00 0.91 1959 - 2026 USD/MT Daily

News Stream
Cocoa Hits 24-week High
Cocoa increased to 5360.00 USD/T, the highest since January 2026. Over the past 4 weeks, Cocoa gained 39.1%, and in the last 12 months, it decreased 35.02%.
2026-07-06
Cocoa Futures at Over 5-Month High
Cocoa futures extended their rally above $5,900 per tonne, a new high since January, amid persistent jitters over the upcoming West African cocoa crop. The market remained supported by expectations of lower production in top grower Ivory Coast during the 2026/27 season. Several producing regions are reporting fewer fruits than expected for this time of year, while the mid-crop and early development of the main crop are lagging previous seasons. Some analysts forecast output at 1.7-1.8 million metric tons, down from about 2.2 million in 2025/26, after heavy rainfall flooded plantations and disrupted harvesting and transport. Excessive moisture also can promote fungal diseases and pests during the critical cocoa pod formation and ripening stages. Heavy rains also hit Ghana. Another risk is the possibility of El Niño strengthening in the second half of the year, which could intensify the Harmattan, a hot, dry West African wind that re duces soil moisture and causes water stress in plants.
2026-07-02
Cocoa Futures Edge Lower
Cocoa futures eased toward $4,900 per tonne, down from a five-month peak of nearly 5,250 per tonne hit on June 25, as stronger supply flows tempered concerns over the upcoming West African cocoa crop. Latest data showed cocoa arrivals at ports in top grower Ivory Coast reached 1.910 million metric tons as of June 28 since the season began on October 1, up 18.4% from the same period last season. Also, Nigerian cocoa exports rose +28% y/y to 18,034 MT in May. But even with a projected surplus in 2026, cocoa prices remain volatile and sensitive to weather factors. Recent heavy rains in Ivory Coast and Ghana have disrupted cocoa harvesting and transport by flooding roads and limiting access to farms and ports. With June rainfall already nearing monthly averages, excessive moisture is also raising the risk of brown rot disease, potentially curbing yields. Furthermore, the return of El Niño has once again placed cocoa among the agricultural commodities most vulnerable to climate shocks.
2026-06-29