Cocoa Price Outlook
Prices for cocoa increased in recent weeks, likely due to a worsening supply situation in top-producer Cote d’Ivoire. On 14 January, the spot price was USD 2,526 per metric ton, which was up 5.1% from the same day last month. Meanwhile, the price was 3.5% higher on a year-to-date basis and was up 6.4% from the same day last year. Cocoa arrivals at ports in top-producer Cote d’Ivoire were down notably year-on-year in late December due to unfavorable weather conditions, which pointed to constrained output and consequently pushed prices higher. Moreover, supply conditions are likely to remain relatively downbeat in the coming months as December has historically been the highest-exporting period of the harvest year, which should have dampened the production outlook ahead and further boosted prices.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
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Price forecasts and historical data for Energy, Metals and Agricultural Commodities
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