Cocoa futures rose to $7,250 per tonne, still near lows last seen in November 2024, as supply concerns and adverse weather in key producing regions lent support. Global inventories remain tight, while steady demand through year-end has kept prices underpinned. Production challenges in West Africa, including erratic rainfall and crop disease, have constrained output and heightened fears of a deeper supply deficit. Although the market is watching for a potential recovery in second-half harvests, expectations remain muted. Technical signals have encouraged renewed buying after recent price corrections, with speculative inflows adding momentum. However, a Reuters poll indicated prices could retreat by late 2025 as weaker demand contributes to a widening surplus in the 2025/26 season. Output in top producer Ivory Coast is projected to rise to 1.84 million tons from 1.76 million, while Ghana’s production is expected to edge up to 600,000 tons from 595,000.
Cocoa rose to 7,382 USD/T on September 5, 2025, up 2.46% from the previous day. Over the past month, Cocoa's price has fallen 12.85%, but it is still 4.25% higher 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 September 8 of 2025.
Cocoa rose to 7,382 USD/T on September 5, 2025, up 2.46% from the previous day. Over the past month, Cocoa's price has fallen 12.85%, but it is still 4.25% higher 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 7612.55 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 8858.15 in 12 months time.