What is the symbol for cocoa futures?
cocoa futures are traded on the ice exchange under ticker symbol cc in dollars per metric ton. 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.Future Outlook Analysts have mixed views on the future of cocoa prices: Bullish Perspective: Some forecasts suggest that cocoa prices could remain elevated, potentially reaching just under $9,000 per ton in 2025, due to ongoing supply challenges and steady demand.According to the World Bank, global cocoa production was estimated to have declined by 14% in the 2023-24 season, falling to 4.Cocoa is expected to trade at 10461. 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.
What is the forecast for cocoa in 2026?
Global cocoa production is also set for growth, with 6. Ivory Coast is the number one cocoa producer, with 2. 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.Major cocoa processing factories in the Ivory Coast and Ghana either reduced or halted production due to high seed costs, exacerbating supply constraints. Unfavorable weather conditions, including prolonged drought, heavy rains, and plant diseases such as the cacao swollen shoot virus (CSSV), further disrupted supply.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.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.But chocolate continues to face a significant challenge: Climate change is threatening cacao production, particularly in West Africa, which produces around 70% of the world’s supply.
Should I invest in cocoa?
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. You can invest in cocoa by purchasing ETFs, stocks or futures. But before you commit, familiarize yourself with the risks of investing in this commodity, as cocoa is vulnerable to political and environmental shifts. Compare your investing options across commodities and trading platforms before you buy.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 Invest in Cocoa. Cocoa, like other commodities, can serve as a portfolio diversifier because prices don’t necessarily correlate to those of stocks and bonds. The weather in Ivory Coast might cause cocoa prices to swing your way even if the stock market or bond market is moving differently.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.
What is the future prediction for cocoa?
Yesterday Reuters reported that the consultancy Commodity Risk Analysis has forecast a 325,000-ton global cocoa surplus for the upcoming 2025/26 season, which they said was the first surplus in three years. They credited investments in cocoa production in Ecuador, Peru, Nigeria and Brazil in the wake of higher prices. 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.The International Cocoa Organization revealed that the 2024-2025 season might be the first in three years of shortages, bringing the industry back to surplus. Production is expected to rise by 7.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.When the steam engine was invented, so was mechanized cocoa bean grinding. With this quicker and easier production process, prices reduced and cocoa bean products became more affordable to everyone— not just the rich. These days people across the world consume more than 3 million tons of cocoa beans each year!On the demand side, Q1 2025 quarterly grinding data from major cocoa associations revealed a decline: the European Cocoa Association reported a drop of 3. Cocoa Association of Asia (CAA) reported a decline of 3. National Confectioners Association (NCA) reported a .
Why are cocoa futures so expensive?
Besides changing weather patterns, several other issues are also driving recent price hikes in cocoa. Across West Africa, new deforestation laws have prevented farmers from expanding cocoa plantations, keeping a lid on supply. West Africa is also grappling with an ageing tree stock. 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.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.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.The price was projected to continue rising to $2,500/tonne in 2023 and $2,530/tonne in 2024. In World Bank’s previous forecast released in October 2021, the organisation saw cocoa price to reach $2,730/tonne in 2030.A fresh industry study has forecast the global cocoa bean market to expand towards a total of $20. Neill Barston.