Cocoa Price OutlookPrices for cocoa fell over the past month, chiefly due to upbeat supply prospects. The average price for cocoa was USD 2,364 per metric ton in May, which was 3.8% lower than April's price. Moreover, the average price was down 2.0% from the same month last year. Meanwhile, the spot price was USD 2,379 per metric ton on 31 May, which was down 2.1% from the same day of the previous month. Cocoa prices returned to a downward trend in May due to unsupportive fundamentals. On the demand side, weaker U.S. demand for chocolate boded ill for cocoa prices. On the supply side, prospects of stronger output this year, thanks to favorable weather conditions in top producers Ghana and Côte d'Ivoire, further weighed on prices.
Cocoa Price History Data (USD per metric ton, aop)
Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Cocoa Historical Price Chart
Price forecasts and historical data for Energy, Metals and Agricultural Commodities
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