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. 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.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.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.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.
Is cocoa going up in price?
Part of that upswing is driven, of course, by chocolate — which, in turn, is driven by the cocoa prices that have more than doubled since the beginning of 2024, according to a recent analysis from the Wells Fargo Agri-Food Institute. Côte d’Ivoire (the Ivory Coast) is the largest producer of cocoa in the world, producing over 2 million tons a year. About 75 percent of the land in Côte d’Ivoire is suitable for growing crops, and almost half of its citizens work in agriculture, including many children.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.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.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.
Who is the biggest trader of 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. 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.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.Global Hotspots for Cocoa Production With 2. Côte d’Ivoire is the world’s largest producer, accounting for a third of the global total.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.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.
Why are cocoa futures so high?
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. Cocoa prices have eased from the record highs of late 2024, but a knock-on effect is still being passed through from chocolatiers onto consumers, according to analysts.Increased global demand driving prices up. Supply shortages across West Africa and other key cocoa-producing regions. Disruptions in existing supply chains, including rising transportation costs and labor shortages. Cocoa tree disease outbreaks, largely driven by adverse weather conditions like excessive rainfall.Climate Risks Shape Cocoa Futures Increasing climate risks to production means greater costs for buyers. Forced to pay more for cocoa, chocolate companies have adopted various strategies to maintain profitability — overall, passing the price on to consumers.
What is the market trend in cocoa?
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. 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 new price has been set at GH₵3,625 per bag, equivalent to GH₵58,000 per tonne, effective Friday, October 3, 2025. This represents a 12. GH₵3,228. August.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.