Cocoa Prices

Cocoa prices averaged USD 5,898 per metric ton in September, down 1.5% from August. On 30 September, the commodity traded at USD 5,460 per metric ton, down 19.5% from 31 August.

In September, average cocoa prices fell for the first time in six months due to signs of higher output in Côte d’Ivoire and a worsening demand outlook amid weak consumer sentiment. Still, prices were above their year-to-date average on concerns about the impact of the El Niño weather event on production.