Cocoa Price OutlookPrices for cocoa increased in recent weeks, likely boosted by improving demand prospects and concerns over the harvest in top-producer Cote d’Ivoire. On 7 October, the spot price was USD 2,633 per metric ton, which was 0.6% higher than on the same day last month. Moreover, the price was up 9.1% on a year-to-date basis and was 13.5% higher than on the same day last year. Cocoa prices rose over the past month as the market reacted to news that heavy rainfall in Cote d’Ivoire had caused an outbreak of a fungal disease in some regions’ crops, with Q3 grind data due to be issued this week expected to show a year-on-year increase as demand begins to revive. That being said, the latest supply and demand projections for the 2021–2022 harvest season suggest output will likely outstrip consumption notably.
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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