Cocoa prices averaged USD 8,351 per metric ton in June, up 7.5% from May. On 28 June, the commodity traded at USD 6,777 per metric ton, down 21.4% from 31 May.
Cocoa prices rebounded in June, following May’s decline, on renewed supply concerns. Shipments from Côte d’Ivoire were down nearly 30% year on year in October–June, and the country’s production in the 12 months to September is forecast to hit an eight-year low. Inventories in U.S. ports also fell in June, driving prices up further.
This chart displays Cocoa (US$/mt) from 2022 to 2024.
Cocoa ICCO (prices in US$/mt, aop)
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | |
|---|---|---|---|---|---|---|---|---|
| Cocoa ICCO | 2,600 | 2,954 | 3,470 | 4,011 | 5,750 | 8,657 | - | - |