Cocoa prices averaged USD 5,614 per metric ton in July, up 27.7% from June. On 31 July, the commodity traded at USD 5,501 per metric ton, up 6.8% from 30 June.
In July, cocoa prices rose for the fourth consecutive month and averaged the highest so far this year. Prices were supported by the onset of the El Niño weather event—cocoa is one of the most exposed commodities to extreme weather—and by concerns over Ghana’s crop and the closure of the Hormuz Strait.
This chart displays Cocoa (US$/mt) from 2024 to 2026.
Cocoa ICCO (prices in US$/mt, aop)
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | Q4 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cocoa ICCO | - | - | 6,803 | 8,285 | 9,558 | 8,521 | 7,324 | 5,800 | 3,960 | 3,968 | - | - |