Cocoa Prices

Cocoa prices averaged USD 10,412 per metric ton in December, up 31.4% from November. On 31 December, the commodity traded at USD 10,888 per metric ton, up 19.7% from 29 November.

Cocoa prices soared to a new all-time high in December, roughly quintupling the long-term average. Supply fears intensified, as farmers in West Africa reported signs of crop damage following recent episodes of adverse weather. Global inventories also fell to a 20-year low in the month, further fueling the rally.