Cocoa prices fell to around $5,330 per tonne, the lowest level in nearly three weeks, extending their retreat from the eight-month high of $6,455 reached on July 9. Market participants are closely monitoring upcoming earnings from major chocolate producers for indications that higher prices are no longer weighing on consumption. On Tuesday, Lindt said it could introduce selective price cuts in the second half of 2026 to support sales volumes after its half-year results raised questions about the pace of demand growth. Meanwhile, Citigroup adopted a neutral stance on cocoa after previously holding a bullish view, saying it wants more evidence of El Niño-related crop damage and stronger demand before turning positive again. On the supply side, the International Cocoa Organization forecast Indonesia's cocoa production to rise to 220,000 tonnes in the 2025/26 season from 200,000 tonnes a year earlier.

Cocoa fell to 5,328 USD/T on July 22, 2026, down 4.98% from the previous day. Over the past month, Cocoa's price has risen 14.70%, but it is still 36.87% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Cocoa reached an all time high of 12906 in December of 2024. Cocoa - data, forecasts, historical chart - was last updated on July 23 of 2026.

Cocoa fell to 5,328 USD/T on July 22, 2026, down 4.98% from the previous day. Over the past month, Cocoa's price has risen 14.70%, but it is still 36.87% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Cocoa is expected to trade at 5319.18 USD/MT by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 4563.62 in 12 months time.



Price Day Month Year Date
Soybeans 1,233.16 0.16 0.01% 11.22% 22.79% Jul/23
Wheat 702.35 -3.40 -0.48% 19.91% 29.70% Jul/23
Lumber 659.00 6.00 0.92% 5.52% -1.05% Jul/22
Cheese 1.70 -0.0279 -1.61% 7.24% -3.40% Jul/23
Palm Oil 4,707.00 85.00 1.84% 1.60% 8.71% Jul/23
Milk 15.78 0.04 0.25% -1.50% -8.94% Jul/23
Cocoa 5,328.00 -279.00 -4.98% 14.70% -36.87% Jul/22
Cotton 81.24 0.127 0.16% 6.53% 20.95% Jul/23
Rubber 218.40 1.90 0.88% -3.87% 27.50% Jul/23
Orange Juice 150.30 6.50 4.52% -0.96% -55.34% Jul/22
Coffee 316.65 -5.45 -1.69% 14.75% 5.08% Jul/22
Oat 337.24 -1.5085 -0.45% 19.27% -5.53% Jul/23
Wool 1,873.00 -28.00 -1.47% -5.83% 53.40% Jul/23
Rice 14.31 0.0950 0.67% 10.68% 14.03% Jul/23
Canola 827.79 5.19 0.63% 11.16% 18.99% Jul/23
Sugar 14.81 0.07 0.48% 5.64% -10.62% Jul/23
Corn 462.63 0.6264 0.14% 13.67% 15.15% Jul/23


Cocoa
Cocoa is traded on New York Mercantile Exchange (NYMEX) and the Intercontinental Exchange (ICE) in London. The prices in New York are based on the South-Asian market and prices in London are based on cocoa from Africa. The size of each cocoa contract on the NYMEX is 10 metric tons.The biggest producers of cocoa are Ivory Coast and Ghana which together account for more than 60% of the world’s output. Other major producers include: Indonesia, Nigeria, Cameroon, Ecuador and Brazil. Although cocoa is one of the world’s smallest soft commodity markets, it has global implications on food and candy producers, and the retail industry. Cocoa prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments.
Actual Previous Highest Lowest Dates Unit Frequency
5328.00 5607.00 12906.00 0.91 1959 - 2026 USD/MT Daily

News Stream
Cocoa Falls to 3-Week Low
Cocoa prices fell to around $5,330 per tonne, the lowest level in nearly three weeks, extending their retreat from the eight-month high of $6,455 reached on July 9. Market participants are closely monitoring upcoming earnings from major chocolate producers for indications that higher prices are no longer weighing on consumption. On Tuesday, Lindt said it could introduce selective price cuts in the second half of 2026 to support sales volumes after its half-year results raised questions about the pace of demand growth. Meanwhile, Citigroup adopted a neutral stance on cocoa after previously holding a bullish view, saying it wants more evidence of El Niño-related crop damage and stronger demand before turning positive again. On the supply side, the International Cocoa Organization forecast Indonesia's cocoa production to rise to 220,000 tonnes in the 2025/26 season from 200,000 tonnes a year earlier.
2026-07-22
Cocoa is down by 5.08%
Cocoa decreased 5.08% to 5322.43 USD/T
2026-07-22
Cocoa Futures at Near 2-Week Low
Cocoa futures traded around $5,500 per tonne, hovering near two-week lows, after weak grinding data from Europe raised demand concerns. Cocoa grindings in Europe extended their decline in Q2, falling 4.6% yoy to 316,366 tonnes, the lowest quarterly total since 2020. By contrast, Asia posted a 25.1% increase, while North America recorded robust growth of 7.7%. Europe's dominant share of global cocoa processing meant the weaker data weighed more heavily on market sentiment. The figures reinforced the view that the recent rally was driven primarily by supply risks in West Africa, El Niño concerns, and speculative buying rather than improving demand fundamentals. On the supply side, despite growing concerns about the upcoming Ivory Coast harvest and climate risks for 2026/27, the market still has more comfortable global stocks than those seen during the 2024 supply crisis. Latest data showed ICE-monitored cocoa inventories rose further to a nearly two-year high of 3,225,424 bags.
2026-07-16