Global Cocoa Prices
Cocoa Bean Prices in Asia
Cocoa Bean Prices in Africa
African cocoa prices are currently around USD 2,541.6 per metric ton, while Asian cocoa prices are trading near USD 3,632 per metric ton. The following section examines the drivers behind this movement and the short-term market outlook.
Cocoa Price Analysis
Based on the latest market data and trading charts, global cocoa bean prices in both major markets (London and New York) remain in a medium-term corrective and bearish phase. However, recent price action suggests that downside momentum is gradually slowing, with early signs of short-term stabilization emerging.
In the London market, African cocoa beans are currently trading at approximately $2,541.6 per metric ton. This level reflects a substantial correction from the historical highs recorded in the first half of 2025. Although the broader trend remains downward, the reduced pace of decline indicates that the market may be approaching a temporary equilibrium zone.
In the New York market, Asian cocoa beans are trading around $3,632 per metric ton. While this market is also in a corrective phase, its higher price level relative to London suggests comparatively stronger or more resilient demand dynamics.
Current prices:
- African Cocoa (London): ~$2,541.6 per metric ton
- Asian Cocoa (New York): ~$3,632 per metric ton
Global Cocoa Bean Price Comparison: Africa vs. East Asia
The price ratio analysis of West African cocoa beans relative to East Asian cocoa beans indicates that the spread between the two markets remains significant. Based on current prices, the Africa-to-Asia cocoa price ratio stands at approximately 0.70.
This ratio declined throughout the second half of 2025 and has stabilized at relatively low levels in early 2026, signaling stronger structural pressure on the African cocoa market compared with its Asian counterpart.
The primary drivers behind this divergence include:
Continued supply availability from African origins
More resilient industrial demand in Asian markets
Differences in procurement strategies and inventory management across supply chains
In the short term, this ratio is expected to remain volatile and highly sensitive to global supply developments, particularly production conditions and inventory data from major cocoa-producing regions.
Global Cocoa Bean Price Forecast
Based on the latest trading charts and current market levels, global cocoa bean prices remain in a medium-term corrective structure.
In the London market, African cocoa is currently trading around $2,541.6 per metric ton, while in the New York market, Asian cocoa is priced near $3,632 per metric ton.
Although both markets remain below their 2025 highs, the recent deceleration in downside momentum suggests that prices may enter a short-term consolidation phase rather than continue an aggressive decline.
If no new supply shocks emerge; such as adverse weather conditions in West Africa, logistical disruptions, or unexpected production shortfalls—the most probable scenario is continued fluctuation within current ranges:
London (African Cocoa): near $2,500–$2,600 per ton
New York (Asian Cocoa): near $3,600–$3,700 per ton
However, the cocoa market remains highly sensitive to supply-side developments. Any significant change in harvest expectations or inventory data could quickly reintroduce volatility.
Data Source and Methodology of This Report
This analysis has been prepared by the raw materials sourcing team of SAMT o SOYE ATYEH, an organization active in the import and supply of cocoa derivatives, including cocoa powder, cocoa butter and cocoa mass, as well as other food industry raw materials.
The pricing data presented in this report is derived from continuous monitoring of international cocoa markets, including the ICE exchange and trading centers in London and New York.
The objective of this analysis is to provide a reliable view of price trends in order to support informed decision-making across the food and chocolate supply chain.
FAQs
Key drivers include :
Market correction following the previous historic price surge
Shifts in global supply expectations
Inventory adjustments
Weather conditions in major producing regions
Changes in trader positioning in futures markets
The recent decline in cocoa bean prices has provided short-term cost relief for chocolate manufacturers. Lower raw material prices may support improved margins for some producers or reduce the urgency of passing higher costs on to consumers.
However, persistent market volatility and uncertainty regarding the durability of the current price levels continue to complicate financial planning and risk management, particularly for medium- and long-term supply contracts. As a result, while declining cocoa prices ease immediate cost pressures, structural uncertainty remains a core challenge across the chocolate supply chain.