Cocoa prices averaged USD 5,594 per metric ton in November, down 6.0% from October. On 28 November, the commodity traded at USD 5,482 per metric ton, down 9.2% from 31 October.
In November, prices averaged their lowest level since January 2024. The supply outlook improved, with West Africa reportedly set for a bumper crop in the current marketing year. Moreover, global demand remained weak in October.
This chart displays Cocoa (US$/mt) from 2023 to 2025.
Cocoa ICCO (prices in US$/mt, aop)
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cocoa ICCO | - | - | - | 4,011 | 5,750 | 8,657 | 6,803 | 8,285 | 9,558 | 8,521 | 7,324 | - |