Actual
5,453.00
Daily Change
-3.00 -0.06%
Monthly
1.34%
Yearly
-11.35%
Q4 Forecast
5,275.60
Cocoa - Summary

Cocoa futures hovered around $5,400 a tonne, holding close to their lowest since early October, pressured by a sustained increase in ICE inventories. The volume of cocoa held in ICE-monitored warehouses has grown throughout the year, reaching a 2.5-year high of 3,688,949 bags by October 29. Meanwhile, farmers in Ivory Coast, the world's largest cocoa producer, reported that despite below-average rainfall across most growing regions, conditions remained adequate to support the current September-to-February main crop. The outlook for the broader 2026/27 season, however, is less encouraging. StoneX projects global production to decline by 9.6% to 4.74 million tonnes, potentially turning a 494,000-tonne surplus in 2025/26 into a 64,000-tonne deficit. Output is expected to contract across several major producers, including Ivory Coast, Ghana, Ecuador and Indonesia, amid weather disruptions associated with El Niño.

Cocoa - Stats

Cocoa fell to 5,453 USD/T on October 30, 2026, down 0.06% from the previous day. Over the past month, Cocoa's price has risen 1.34%, but it is still 11.35% 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 12906.00 in December of 2024. Cocoa - data, forecasts, historical chart - was last updated on November 1 of 2026.

Cocoa - Forecast

Cocoa fell to 5,453 USD/T on October 30, 2026, down 0.06% from the previous day. Over the past month, Cocoa's price has risen 1.34%, but it is still 11.35% 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 5275.60 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 4479.09 in 12 months time.



Price Day Month Year Date
Soybeans 1,222.25 2.50 0.21% -4.81% 11.14% Oct/30
Wheat 603.50 -0.25 -0.04% -11.61% 13.02% Oct/30
Lumber 521.50 3.50 0.68% -1.70% -3.25% Oct/30
Cheese 1.67 -0.0160 -0.95% 12.10% -5.44% Oct/30
Palm Oil 4,681.00 54.00 1.17% 2.79% 11.32% Oct/30
Milk 15.19 0 0% 0.40% -10.17% Oct/30
Cocoa 5,453.00 -3.00 -0.06% 1.34% -11.35% Oct/30
Cotton 77.83 -0.670 -0.85% 0.09% 18.75% Oct/30
Rubber 250.00 -5.40 -2.11% -3.36% 43.10% Oct/30
Orange Juice 132.35 -4.55 -3.32% -6.60% -21.59% Oct/30
Coffee 287.20 1.75 0.61% -0.36% -26.74% Oct/30
Oat 343.75 0.7500 0.22% -16.31% 18.64% Oct/30
Wool 1,723.00 0 0% -5.28% 21.94% Oct/30
Rice 17.44 0.0250 0.14% 5.57% 69.85% Oct/30
Canola 788.00 4.90 0.63% -2.92% 26.53% Oct/30
Sugar 19.36 -0.11 -0.57% 2.22% 34.16% Oct/30
Corn 447.75 -3.5000 -0.78% -10.85% 3.77% Oct/30


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
5453.00 5456.00 12906.00 0.91 1959 - 2026 USD/MT Daily

News Stream
Cocoa Prices Hold Near $5,400
Cocoa futures hovered around $5,400 a tonne, holding close to their lowest since early October, pressured by a sustained increase in ICE inventories. The volume of cocoa held in ICE-monitored warehouses has grown throughout the year, reaching a 2.5-year high of 3,688,949 bags by October 29. Meanwhile, farmers in Ivory Coast, the world's largest cocoa producer, reported that despite below-average rainfall across most growing regions, conditions remained adequate to support the current September-to-February main crop. The outlook for the broader 2026/27 season, however, is less encouraging. StoneX projects global production to decline by 9.6% to 4.74 million tonnes, potentially turning a 494,000-tonne surplus in 2025/26 into a 64,000-tonne deficit. Output is expected to contract across several major producers, including Ivory Coast, Ghana, Ecuador and Indonesia, amid weather disruptions associated with El Niño.
2026-10-30
Cocoa Hits 4-week Low
Cocoa decreased to 5374.00 USD/T, the lowest since October 2026. Over the past 4 weeks, Cocoa gained 0.22%, and in the last 12 months, it decreased 12.33%.
2026-10-30
Cocoa Futures Hover Around $5,600
Cocoa futures stabilized around $5,600 a tonne, close to their lowest since early October, amid signs of rising inventories. ICE cocoa inventories have steadily expanded since the start of the year, reaching a 2.5-year high of 3,635,354 bags by October 21. Still, signs of improving demand and concerns over West African supplies limted the downside. Cocoa grindings across key processing regions rose 14.3% in Q3, beating market expectations as Asian processing jumped 29.2% and European volumes increased by 3.2%. North America was the exception, recording a 2.5% decline. On the supply side, concerns are mounting over the 2026/27 West African cocoa crop. Below-average rainfall in the Ivory Coast has raised fears of weaker pod development, while Ghana is also facing a potentially smaller harvest amid weather-related stress and crop disease. The expected strong impact of El Niño adds further uncertainty.
2026-10-22