Cocoa prices eased to below $3,000 per tonne, the lowest since May 2023, as the market remained pressured by sluggish demand, ample supply and expectations of a strong harvest in major producing countries. In the meantime, large volumes of cocoa remain unsold in top growers Ivory Coast and Ghana, as buyers are reluctant to pay official farm-gate prices above world levels, limiting governments’ ability to keep prices high. Ivory Coast is reportedly considering cutting the price it pays cocoa farmers to align with Ghana, responding to a sharp decline in global cocoa prices. Latest data showed ICE cocoa inventories rose to a 5.25-month high of 2,111,554 bags as of February 20. Regarding crop developments, farmers in Ivory Coast reported adequate soil moisture, which should improve the quality and size of the upcoming April-to-September mid-crop. With normal rains expected in March, they foresee no shortages and predict the crop will be larger and of higher quality than last season.

Cocoa fell to 2,895.09 USD/T on February 27, 2026, down 5.48% from the previous day. Over the past month, Cocoa's price has fallen 30.24%, and is down 67.12% compared to the same time last year, 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 February 27 of 2026.

Cocoa fell to 2,895.09 USD/T on February 27, 2026, down 5.48% from the previous day. Over the past month, Cocoa's price has fallen 30.24%, and is down 67.12% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Cocoa is expected to trade at 3118.02 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 2646.64 in 12 months time.



Price Day Month Year Date
Soybeans 1,156.75 9.00 0.78% 7.60% 14.36% Feb/27
Wheat 593.25 21.50 3.76% 10.68% 10.47% Feb/27
Lumber 557.03 -0.63 -0.11% -6.77% -12.22% Feb/27
Cheese 1.58 -0.0030 -0.19% 12.60% -13.27% Feb/27
Palm Oil 4,040.00 34.00 0.85% -5.12% -10.40% Feb/26
Milk 14.93 0 0% 1.43% -26.20% Feb/27
Cocoa 2,895.23 -167.77 -5.48% -30.24% -67.11% Feb/27
Cotton 65.55 0.188 0.29% 2.85% 2.69% Feb/27
Rubber 204.50 -0.70 -0.34% 9.12% 1.29% Feb/27
Orange Juice 178.06 -8.54 -4.58% -21.42% -40.88% Feb/27
Coffee 280.01 -1.25 -0.44% -20.23% -26.03% Feb/27
Oat 315.26 7.7557 2.52% 4.82% -12.49% Feb/27
Wool 1,716.00 23.00 1.36% 11.36% 43.60% Feb/27
Rice 10.15 0.2050 2.06% -7.81% -23.60% Feb/27
Canola 688.08 -4.92 -0.71% 5.83% 8.50% Feb/27
Sugar 13.91 -0.05 -0.34% -5.44% -24.80% Feb/27
Corn 438.48 5.0443 1.16% 1.97% -3.31% Feb/27


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
2895.09 3063.00 12906.00 0.91 1959 - 2026 USD/MT Daily

News Stream
Cocoa Hits 34-month Low
Cocoa decreased to 2951.00 USD/T, the lowest since April 2023. Over the past 4 weeks, Cocoa lost 28.64%, and in the last 12 months, it decreased 66.36%.
2026-02-27
Cocoa Futures Below $3,000
Cocoa prices eased to below $3,000 per tonne, the lowest since May 2023, as the market remained pressured by sluggish demand, ample supply and expectations of a strong harvest in major producing countries. In the meantime, large volumes of cocoa remain unsold in top growers Ivory Coast and Ghana, as buyers are reluctant to pay official farm-gate prices above world levels, limiting governments’ ability to keep prices high. Ivory Coast is reportedly considering cutting the price it pays cocoa farmers to align with Ghana, responding to a sharp decline in global cocoa prices. Latest data showed ICE cocoa inventories rose to a 5.25-month high of 2,111,554 bags as of February 20. Regarding crop developments, farmers in Ivory Coast reported adequate soil moisture, which should improve the quality and size of the upcoming April-to-September mid-crop. With normal rains expected in March, they foresee no shortages and predict the crop will be larger and of higher quality than last season.
2026-02-24
Cocoa Futures at 2023-Lows
Cocoa prices continued their slide to below $3,100 per tonne, the lowest since May 2023, reflecting ongoing weak global demand and resulting restocking in key producing countries. Warehouses in Ghana and the Ivory Coast continue to accumulate unsold cocoa beans, even after Ghana cut farmer payouts to encourage supply. At the same time, ICE cocoa inventories rose to a 4.25-month high of 1,942,367 bags on Friday, signaling that more cocoa is available for immediate delivery than is being absorbed by the market. The accumulation of inventories and delays in sales increases the risk of additional pressure on international prices. Meanwhile, the cocoa market continues to face pressure as favorable weather across West Africa has strengthened production forecasts, fueling expectations of abundant supply, with South America also contributing increased output.
2026-02-17