What were the prices of cocoa in january 2025?
In London, the nearby cocoa futures contract (i. MAR-25) started January 2025 at US$ 11,107 per tonne, dropped to US$10,439 per tonne and peaked at US$11,510 per tonne. In New York, at US$11,180 on the first trading day of the month, prices declined to US$10,422 per tonne and later rose to US$11,727 per tonne. Looking ahead to 2024/25, ICCO forecasted a global cocoa surplus of 142,000 MT on February 28, 2024, marking the first surplus in four years. ICCO also projected that 2024/25 global cocoa production will rise +7. MMT.The shift put huge strains on industry stakeholders and led to inevitable price increases for customers at the checkout. However, improving conditions through spring 2025 saw global cocoa production recovering and prices beginning to fall.Key takeaways On the supply side, cocoa production is expected to ramp up during the 2025/2026 season as weather conditions improve and new plantings in Ecuador reach maturity. Despite the recent downtrend, J. P. Morgan Global Research expects cocoa prices to remain structurally higher for longer at $6,000/tonne.Cocoa is expected to trade at 5670. 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 4876.
Is cocoa expected to rise?
Looking ahead to 2024/25, ICCO forecasted a global cocoa surplus of 142,000 MT on February 28, 2024, marking the first surplus in four years. ICCO also projected that 2024/25 global cocoa production will rise +7. MMT. Gov’t announces cocoa price increase for 2025/2026 season, farmers to get GH₵58,000 per tonne. The government has announced an upward adjustment of the producer price of cocoa, offering a reprieve to farmers for the 2025/26 season.Over the past month, Cocoa’s price has fallen 18. CFD) that tracks the benchmark market for this commodity. Historically, Cocoa reached an all time high of 12906 in December of 2024.The cocoa market is set for continued volatility in Q3 and Q4 2025, as tight supply, historically high prices, and weakening demand converge to create a challenging environment,” says Vesper’s Schräder. Output in West Africa, which supplies over 70% of the world’s cocoa, remains fragile.Cocoa Prices Surge to Record Highs Even today, in 2025, prices remain high at $6,000–$8,000/ton. In the UK, cocoa climbed from £1,900/tonne in early 2023 to nearly £9,000/tonne in early 2025 — more than a 4x increase. This surge is forcing up cocoa powder prices and leading to supply shortages in stores.
How much is the cocoa price in 2025?
On 4th August 2025, Government announced a producer price of cocoa for the 2025/2026 season at GHS3,228. GHS51,660 (US$5,040) per tonne, representing 70% of the average Gross FoB price of US$7,200 per tonne. In 2021, Top exporters of Cocoa beans, whole or broken, raw or roasted are Cote d’Ivoire ($4,286,782. K , 1,606,410,000 Kg), Ghana ($1,370,363. K ), Ecuador ($819,457. K , 329,784,000 Kg), Nigeria ($560,101. K , 366,286,000 Kg), Cameroon ($482,366. K , 212,681,000 Kg). Congo, Dem. Rep.Ghana is the world’s second-largest cocoa-producing country (Côte d’Ivoire is the largest). Cocoa Life has been active in Ghana since 2008, when it began as the Cadbury Cocoa Partnership.Côte d’Ivoire is the world’s leading cocoa producing country. Around 2 million tonnes of cocoa are produced in this coastal country. That is approximately 38 % of the world’s cocoa. This industry accounts for 15 % of the country’s gross domestic product.Cocoa prices have soared in recent years, hitting record highs amid adverse weather conditions, pest outbreaks and supply tightness in West Africa, which produces around three-quarters of global supply.Nigeria remains a key player in the global cocoa export industry, with its beans in high demand across Europe, Asia, and North America. Countries like the Netherlands, Malaysia, and Germany lead the import charts, while emerging markets in Eastern Europe and Asia continue to drive new growth opportunities.
What is going on with cocoa futures?
Cocoa Futures Hit New 2024-Low On the demand side, upcoming Q3 cocoa grind data for Europe, North America, and Asia is expected to show year-on-year declines, following three consecutive quarters of falling cocoa bean processing across all regions. On 4th August 2025, Government announced a producer price of cocoa for the 2025/2026 season at GHS3,228. GHS51,660 (US$5,040) per tonne, representing 70% of the average Gross FoB price of US$7,200 per tonne.In local currency terms, using an average exchange rate of GHS10. US dollar for the 2025/2026 crop season, the producer price increases from GHS49,600 per tonne to GHS51,660 per tonne. This translates to GHS3,228.The government has announced an upward adjustment of the producer price of cocoa, offering a reprieve to farmers for the 2025/26 season. The new price has been set at GH₵3,625 per bag, equivalent to GH₵58,000 per tonne, effective Friday, October 3, 2025.Over the past month, Cocoa’s price has fallen 18. CFD) that tracks the benchmark market for this commodity. Historically, Cocoa reached an all time high of 12906 in December of 2024.The current price of London Cocoa Futures is 4,288 GBP — it has fallen −4. Watch London Cocoa Futures price in more detail on the chart.
Who is the world’s largest supplier of cocoa?
Global Hotspots for Cocoa Production With 2. Côte d’Ivoire is the world’s largest producer, accounting for a third of the global total. Ivory Coast (Côte d’Ivoire) leads the world in the production and export of the cocoa beans used in the manufacture of chocolate. As of 2024, the country produced 45% of the world’s cocoa.Côte d’Ivoire is the world’s leading cocoa producing country. Around 2 million tonnes of cocoa are produced in this coastal country. That is approximately 38 % of the world’s cocoa.Germany is the biggest cocoa exporter in the world, with cocoa exports worth $7. Olam food ingredients are the biggest cocoa suppliers in the world with an export revenue of $4.Ivory Coast: $5. Ivory Coast is the world’s leading producer of cocoa beans, and it is no surprise that it is among the top cocoa exporters. Ivory Coast accounts for 9. The country’s rich soil and favorable climate conditions support a thriving cocoa industry.
Why is the price of cocoa dropping?
The highly volatile price of cocoa declined over 40% in global markets as drought concerns eased in West Africa and harvest increases. The ton price of cocoa dropped below $7,000, declining more than 40% since the end of 2024. Estimates of increased supply and weakening demand led to sharp declines. Higher cocoa production by Ghana is bearish for cocoa prices. On July 1, the Ghana Cocoa Board projected the 2025/26 Ghana cocoa crop would increase by +8. MT in 2024/25.After Ghana announced new rates in August, Côte d’Ivoire, the world’s top producer, will launch its 2025/26 cocoa marketing season in October. Sources at the Coffee-Cocoa Council (CCC) told Reuters that the government will set the farm-gate price at CFA 2,500 ($4.There are many countries that produce cocoa in the world. But not all cocoas are the same. There are them of greater or lesser quality; suitable for making derivatives or ideal for the most demanding palates. Currently, Ecuador is the country where the highest quality cocoa is found.Nearly 70 percent of the world’s cocoa comes from two countries in West Africa, Côte d’Ivoire and Ghana. The crop is a critical and often sole source of cash for millions of smallholder farming families and supports the livelihood of millions more people in both countries.Expectations of abundant global cocoa supplies are hammering cocoa prices. Cocoa deliveries in Ghana have surged, weighing on prices. Cocoa arrivals to ports in Ghana in the four weeks ending September 4 reached 50,440 MT compared to about 11,000 MT delivered in the same period in 2024.
Is cocoa a good investment?
Cocoa is a luxury commodity and a crucial ingredient in many of life’s finer things: from sweets to pharmaceuticals, to various cultural dishes. Its popularity makes it a prominent asset on the stock market, but supply problems, environmental and political issues can sometimes make it an unstable investment. One of the key causes of the cocoa crisis is weather having a negative impact on yields. The process of cocoa production requires very specific climatic conditions.The Nestlé Cocoa Plan is built on three pillars: Better farming, aiming to improve livelihoods in communities. Better lives, aiming to help cocoa farming families to enhance their social conditions. And Better cocoa, aiming to improve product cocoa traceability.Cocoa is a luxury commodity and a crucial ingredient in many of life’s finer things: from sweets to pharmaceuticals, to various cultural dishes. Its popularity makes it a prominent asset on the stock market, but supply problems, environmental and political issues can sometimes make it an unstable investment.Cocoa supply is expected to improve in 2025 due to favorable weather conditions in West Africa. The continuously challenging weather in West Africa, where most of the world’s cocoa supply comes from, led to the highest prices of cocoa products in history.