Cocoa futures eased to below $4,200 per tonne but stayed close to recent 3-month highs, supported by receding short covering while fundamentals stayed broadly supportive. Traders continued to closely monitor reports of irregular rainfall in parts of Ivory Coast and Ghana, as well as growing concerns about the potential return of adverse weather patterns linked to El Niño in the coming months. At the same time, rising geopolitical tensions in the Middle East, including disruptions in the Strait of Hormuz, have pushed up energy and transportation costs, increasing fertilizer prices and tightening global agricultural supply chains. This is raising concerns over output in key West African producers, particularly the Ivory Coast. Meanwhile, Ghana plans to raise $1 billion via domestic bonds to finance cocoa purchases ahead of the 2026/27 crop season, as it moves to restructure cocoa financing amid ongoing debt strains.

Cocoa fell to 4,526.71 USD/T on May 12, 2026, down 3.87% from the previous day. Over the past month, Cocoa's price has risen 34.52%, but it is still 53.28% 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 May 12 of 2026.

Cocoa fell to 4,526.71 USD/T on May 12, 2026, down 3.87% from the previous day. Over the past month, Cocoa's price has risen 34.52%, but it is still 53.28% 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 4077.86 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 3506.19 in 12 months time.



Price Day Month Year Date
Soybeans 1,209.21 9.46 0.79% 4.04% 12.75% May/12
Wheat 638.28 16.03 2.58% 9.62% 23.40% May/12
Lumber 580.02 -1.98 -0.34% 0.79% 5.34% May/12
Cheese 1.67 -0.0069 -0.41% 0.98% -9.00% May/12
Palm Oil 4,481.00 -35.00 -0.78% -1.62% 15.10% May/12
Milk 17.00 -0.01 -0.06% 0% -8.01% May/12
Cocoa 4,528.00 -181.00 -3.84% 34.56% -53.27% May/12
Cotton 88.22 0.450 0.51% 15.12% 32.87% May/12
Rubber 223.30 2.40 1.09% 10.00% 26.88% May/12
Orange Juice 187.18 3.58 1.95% -4.25% -23.22% May/12
Coffee 275.96 -6.34 -2.25% -6.85% -27.89% May/12
Oat 328.29 -9.2121 -2.73% -3.02% -4.01% May/12
Wool 1,886.00 0 0% 5.60% 58.35% May/12
Rice 11.79 -0.1046 -0.88% 10.60% -4.22% May/12
Canola 751.14 7.74 1.04% 4.70% 5.29% May/12
Sugar 14.89 -0.02 -0.15% 7.26% -18.15% May/12
Corn 466.75 6.0000 1.30% 6.02% 5.48% May/12


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
4526.71 4709.00 12906.00 0.91 1959 - 2026 USD/MT Daily

News Stream
Cocoa Futures Remain Near 3-Month Highs
Cocoa futures eased to below $4,200 per tonne but stayed close to recent 3-month highs, supported by receding short covering while fundamentals stayed broadly supportive. Traders continued to closely monitor reports of irregular rainfall in parts of Ivory Coast and Ghana, as well as growing concerns about the potential return of adverse weather patterns linked to El Niño in the coming months. At the same time, rising geopolitical tensions in the Middle East, including disruptions in the Strait of Hormuz, have pushed up energy and transportation costs, increasing fertilizer prices and tightening global agricultural supply chains. This is raising concerns over output in key West African producers, particularly the Ivory Coast. Meanwhile, Ghana plans to raise $1 billion via domestic bonds to finance cocoa purchases ahead of the 2026/27 crop season, as it moves to restructure cocoa financing amid ongoing debt strains.
2026-05-08
Cocoa is down by 5%
Cocoa decreased 5% to 4205.78 USD/T
2026-05-08
Cocoa Futures at Over 3-Month High
Cocoa futures rose further to breach $4,400 per tonne, the highest level since late January, fueled by fund short covering and growing supply risks. While weather conditions in West Africa, particularly in the Ivory Coast and Ghana, have recently improved, supporting short-term output and allowing for a gradual rebuilding of global stocks, the outlook remains uncertain. Irregular rainfall during the key mid-crop season continues to pose risks, especially if dry spells persist and affect yields and bean quality in the latter stages of the harvest. Moreover, fertilizer shortages and the rising likelihood of the El Niño phenomenon are expected to constrain 2026/27 production, with farmers in top grower Ivory Coast already reporting difficulties securing inputs amid cash constraints. Reflecting this, StoneX has lowered its global cocoa surplus forecasts for both 2025/26 and 2026/27, signaling tighter supply conditions. On the demand side, conditions remain subdued.
2026-05-04