colorful cocoa beans

Cocoa Price Outlook

Cocoa prices fell notably over the past month. On 6 November, the spot price was USD 2,206 per metric ton, which was down 4.3% from the same day last month. Moreover, the price was 10.2% lower on a year-to-date basis, and was down 8.9% from the same day last year. Cocoa prices took a hit in recent weeks, due to downbeat demand amid a resurgence in new Covid-19 cases globally and renewed lockdown measures in Europe. In addition, political tensions due to the president of Cote d’Ivoire winning an unconstitutional third term sparked concerns that the nation could fall deeper into political violence, and investors likely sold some positions amid heightened uncertainty.

Cocoa Price History Data (USD per metric ton, aop)

2015  2016  2017  2018  2019  
Cocoa 3136.98  2893.27  2029.25  2293.11  2341.39  

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Cocoa Historical Price Chart


Cocoa historical price chart
Note: International Cocoa Organization (ICCO) Cocoa, prices in USD per metric ton (mt). Daily prices.

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