Cocoa prices averaged USD 4,391 per metric ton in June, up 6.0% from May. On 30 June, the commodity traded at USD 5,045 per metric ton, up 25.8% from 29 May.
In June, cocoa prices rose for the third consecutive month, with the onset of the El Niño weather event reigniting supply concerns; cocoa is one of the most exposed commodities to the event. This bodes ill for production in West Africa and Ecuador and has triggered panic-buying by chocolate producers in recent weeks.
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 | 3,966 | - | - |