What’s the price of cocoa today?
The Cocoa price today is 8,153, a 0. The world market price of cocoa has witnessed the highest levels of volatility over the past 12 months. Spot prices moved from around US$2,000/ton in March 2023, peaked at US$12,072/ton in February 2024 before dropping significantly to US$7,960/ton in September 2024.Cocoa is expected to trade at 9941. 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 11587.Cocoa futures were introduced on ICE in 1986, and the ICE contract serves as the global benchmark for cocoa prices. The contract prices the physical delivery of exchange-grade product from a variety of African, Asian and Central and South American origins to any of five U. S.Compared to the 2023/24 season, global cocoa supply is anticipated to increase by almost 7. Global cocoa demand is projected to decrease by almost 4.
What is the high price of cocoa?
Cocoa prices peaked near $13,000 per metric ton in late 2024 due to global demand, poor weather, and supply shortages, though they’ve recently dipped slightly. Global cocoa production has been impacted for the last four years due to a rapidly changing climate, and also El Nino and La Nina effects. For a small manufacturer, this has the potential to put us out of business long term as our wholesale price for 2025 is very close to passing our retail price of 2023.Cocoa is expected to trade at 8367. 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 9759.After testing a significant resistance zone, Cocoa futures prices are once again moving lower, continuing the bearish retracement that started on December 18, 2024. This current downward leg is expected to break below the April 2025 low, potentially reaching the 6576–5356 area.The Producer Price of cocoa has been increased by 58. GH¢20,928 per tonne to GH¢33,120. This figure translates into GH¢2,070 per bag of 64 kg gross weight and takes effect from Friday, 5th April 2024.
Why is the cocoa price dropping?
Why are cocoa prices falling? Global cocoa production is recovering after poor growing conditions cut yields and put pressure on supplies. The 2024/25 season is forecast at 4. That’s an 8% year-on-year increase. Why Cocoa Is in Short Supply? The most significant factor behind the cocoa shortage is severe weather in West Africa. Heavy rains have caused serious challenges for cocoa farmers, leading to issues like flower drop – the premature shedding of flowers before they develop into pods – and the spread of black pod disease.Heavy flooding and crop disease in West Africa last year intensified a growing bean deficit in the region, which produces over 60% of the world’s cocoa. Increasingly unfavorable growing conditions place additional stress on production systems struggling from underinvestment.Cocoa is not becoming extinct, but its production is under threat due to factors like poor farmer incomes, climate change, aging trees, deforestation, pests, and diseases.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.
Why is cocoa very expensive?
High temperatures, ageing trees and disease have lowered cocoa supplies and raised prices. Cocoa prices surged almost 300 percent last year, making chocolate bars, Easter eggs and cocoa powder much more expensive this year than last. Cocoa is a highly valuable commodity as it is a key ingredient in chocolate and other confectionery products. For investors looking for long-term growth opportunities, investing in cocoa can be a lucrative venture. Investing in cocoa can yield significant.Exchange Traded Funds are a cheap and easy way to invest in Cocoa. They provide investors with a convenient way to gain exposure to the cocoa market without directly trading futures contracts. These ETFs typically track the performance of cocoa-related indexes, offering diversification within the commodities sector.
Will cocoa prices go up?
A Price Surge Like Never Before In December 2024, cocoa prices reached an all-time high, surpassing $12,000 per metric ton—a staggering increase from around $2,000 in 2022. This historic surge is shaking up the chocolate industry, with major companies passing costs onto consumers. In London, the nearby cocoa futures contract (i. MAR-25) started January 2025 at US$ 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.Fairtrade International will raise the Fairtrade Minimum Price for conventional cocoa from $2,000 to $2,400 per metric tonne at the point of export (FOB), marking a 20 percent increase.Ghanaian cocoa farmers may see a further increase in the farmgate price for the 2025/2026 season, which begins in August. Sources close to the Ghana Cocoa Board (Cocobod), cited by Bloomberg, indicate the price could rise to 3,300 cedis per 64-kilogram bag, equivalent to about $319.Key takeaways. Cocoa prices are rising due to factors including a global supply shortage and chronic underinvestment in cocoa farms. Despite hopes for a better crop in the 2024/25 season, cocoa prices look set to remain high in the medium term, hovering around the $6,000/tonne mark once a balanced market is reached.JUNE 2025: Cocoa Price Trends & Market Outlook – Will there be a collapse in global cocoa demand? Cocoa trading at 9042. USD/T on Thursday, June 26, a 163. USD/T (1.
What is US cocoa?
US Cocoa / Cocoa – Trading Details Cocoa is a popular agricultural commodity mostly produced in Ivory Coast, Ghana and Indonesia. This soft commodity has been used as a common currency in Africa, Central and South America and Asia. Key Takeaways. The Intercontinental Exchange (ICE) is an American company that owns and operates financial and commodity marketplaces and exchanges.Trading Cocoa Futures Cocoa futures are traded on the ICE Exchange under ticker symbol CC in dollars per metric ton. Cocoa futures prices rarely follow reliable patterns due to political issues, mainly in Africa.ICE Futures US is a commodity futures and options exchange based in the United States. It is exempted from recognition as a stock exchange and is also exempted from registration as a commodity futures exchange in Ontario.