Cocoa prices averaged USD 7,016 per metric ton in September, down 7.7% from August. On 30 September, the commodity traded at USD 6,764 per metric ton, down 7.7% from 29 August.
In September, cocoa prices averaged an 11-month low as favorable weather conditions in Côte d’Ivoire supported the supply outlook. Demand-wise, markets feared that prohibitively high costs, exacerbated by recent U.S. tariff hikes, would hurt demand and temper purchasing activity in turn.
This chart displays Cocoa (US$/mt) from 2023 to 2025.
Cocoa ICCO (prices in US$/mt, aop)
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cocoa ICCO | - | - | - | 4,011 | 5,750 | 8,657 | 6,803 | 8,285 | 9,558 | 8,521 | 7,327 | - |