Global Cocoa Prices
Cocoa Bean Prices in Asia
Cocoa Bean Prices in Africa
African cocoa prices are currently around USD 2,196 per metric ton, while Asian cocoa prices are trading near USD 3,117 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. Recent price action shows continued downside pressure, although the pace of decline has moderated compared with earlier weeks.
In the London market, African cocoa beans are currently trading at approximately $2,196 per metric ton. This level reflects a deeper correction from the historical highs recorded in the first half of 2025. The break below previous support zones indicates sustained selling pressure, while current price behavior suggests an attempt to stabilize at lower equilibrium levels.
In the New York market, Asian cocoa beans are trading around $3,117 per metric ton. Although this market is also experiencing a correction, it continues to trade at a noticeable premium to London, reflecting relatively stronger demand dynamics in Asian-linked contracts.
Current prices:
African Cocoa (London): ~$2,196 per metric ton
Asian Cocoa (New York): ~$3,117 per metric ton
Global Cocoa Bean Price Comparison: Africa vs. East Asia
The price ratio analysis of West African cocoa relative to East Asian cocoa shows that the spread between the two markets remains structurally significant. Based on current prices, the Africa-to-Asia cocoa price ratio stands near 0.70–0.71 (approximately 0.70).
While both markets have declined, the relative gap has remained broadly stable. This suggests that structural pressure continues to weigh more heavily on the African market compared with its Asian counterpart.
Primary drivers behind this divergence include:
Ongoing 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 weather conditions and inventory data from major producing countries.
Global Cocoa Bean Price Forecast
Based on current trading structures, global cocoa bean prices remain within a broader corrective trend.
In the London market, African cocoa is trading near $2,196 per metric ton, while Asian cocoa in New York is priced around $3,117 per metric ton.
Although both markets are significantly below their 2025 highs, recent price behavior indicates that selling momentum is gradually stabilizing. Rather than an immediate reversal, the more probable near-term scenario is consolidation within lower trading ranges.
If no new supply shocks emerge — such as severe weather in West Africa, logistical disruptions, or unexpected production shortfalls — prices are likely to fluctuate within the following ranges:
London (African Cocoa): near $2,150–$2,300 per ton
New York (Asian Cocoa): near $3,050–$3,200 per ton
However, the cocoa market remains highly sensitive to supply-side developments. Any material 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
Over the recent period, cocoa prices in both London and New York have extended their corrective decline. London prices have fallen toward the $2,200 range, while New York prices have moved closer to $3,100 per ton.
Although the broader trend remains bearish, the pace of decline has moderated, suggesting a possible short-term stabilization phase rather than an accelerated breakdown.
Key drivers include :
Ongoing market correction following the historic price surge in 2025
Adjustments in global supply expectations
Inventory normalization across key markets
Weather developments in major producing regions
Changes in trader positioning in futures markets
Together, these factors have reinforced the corrective structure currently visible in price charts.
The recent decline in cocoa bean prices has provided partial short-term cost relief for chocolate manufacturers. Lower raw material costs may improve operating margins or reduce the immediate need for price increases in finished products.
However, continued market volatility and uncertainty regarding the durability of current price levels complicate procurement planning and long-term supply contracts. While declining prices ease immediate cost pressures, structural uncertainty remains a key challenge across the cocoa and chocolate supply chain.