Cocoa futures on ICE jumped above the $2,400 level in August, the highest in seven weeks, bolstered by a weakening dollar and easing fears of a global recession. The latest data showed Ivory Coast's cocoa grind rose 14% from a year earlier to 57,000 tonnes in July. The total grind from the start of the 2021/22 season in October stood at 529,000 tonnes of beans by the end of July, up from 461,000 tonnes at the same point last season and compared to the capacity of 712,000 tonnes. Meanwhile, another report showed arrivals at ports in the top grower hit 2.023 million tonnes by July 31 since the start of the season on Oct. 1, down 3.6% from the same period in the previous season.

Historically, Cocoa reached an all time high of 5379 in July of 1977. Cocoa - data, forecasts, historical chart - was last updated on August of 2022.

Cocoa is expected to trade at 2299.32 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 2148.32 in 12 months time.

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Cocoa



Price Day Month Year
Soybeans 1,490.75 -6.75 -0.45% 10.39% 15.23%
Wheat 754.44 21.75 2.97% -7.94% 5.63%
Lumber 520.00 -45.50 -8.05% -17.67% 9.54%
Cheese 1.98 0.0020 0.10% -10.66% 25.27%
Palm Oil 4,093.00 50.00 1.24% 4.02% -4.03%
Milk 20.08 0 0% -10.95% 25.42%
Cocoa 2,362.00 -40.00 -1.67% -0.25% -10.29%
Cotton 118.60 -0.15 -0.13% 18.15% 26.30%
Rubber 146.70 -2.20 -1.48% -7.03% -14.86%
Orange Juice 169.75 1.90 1.13% 9.73% 24.31%
Coffee 215.95 1.25 0.58% -1.01% 21.15%
Oat 415.95 3.2024 0.78% -12.89% -15.97%
Wool 1,342.00 0 0% -3.31% 0.52%
Rice 17.04 0.5300 3.20% 0.53% 28.37%
Canola 818.40 3.00 0.37% 0.15% -5.38%
Sugar 18.09 0.32 1.80% -3.11% -7.61%
Tea 2.91 0 0% 2.83% -19.39%
Corn 625.28 5.5314 0.89% 5.58% 16.06%


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
2362.00 2402.00 5379.00 211.00 1959 - 2022 USD/MT Daily