Cocoa beans view from top

Cocoa Prices

Cocoa prices grew in the past month, averaging USD 2,906 per metric ton in May, which was up 2.9% from April’s price and was 22.9% higher than in the same month last year. Additionally, the spot price was USD 2,941 per metric ton on 31 May, which was 3.3% higher than on the same day of the previous month.

In May, supply fundamentals continued to drive price growth. Concerns over crop quality and yields amid unfavorable weather and the spread of disease in the largest global exporter Côte d’Ivoire were bullish for prices: The harvest beginning on 1 April is projected to be 25% smaller year on year. On the demand side, rising cocoa grindings globally further supported the price increase.

This chart displays Cocoa (US$/mt) from 2021 to 2023.

Cocoa ICCO (prices in US$/mt, aop)

Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022
Cocoa ICCO - 2,383 2,456 2,446 2,493 2,381 2,244 2,368

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Price forecasts and historical data for Cocoa.

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