Cocoa Prices

29-01-2026 - Over the past month, the price of Cocoa ICE has experienced a significant drop, falling from $6,275/t to $4,210/t. This sharp decline underscores a notable decrease in the value of this commodity, suggesting potential market volatility or shifts in supply and demand dynamics. The forecast anticipates a further decrease in Cocoa ICE prices to $4,069/t from the current $4,210/t, representing a -3.3% change. This downward trend poses a risk of diminished revenue for stakeholders dependent on this raw material.

The current forecast indicates a substantial downward price impact of -$110/t, primarily driven by global demand factors. While 'Flows' and 'Technical' data suggest some upward pressure, 'Demand' and 'Supply' data point to a decline in raw material prices. Recent analyses support the forecast of a potential decline in ICE Cocoa prices over the next month, with expectations aligning with a decrease to $4,069/t. According to a report from IndexBox dated January 14, 2026, cocoa futures have reached their lowest levels in one and a half months. This decline is attributed to concerns over weak global demand and favorable growing conditions in West Africa, which are anticipated to enhance the February-March cocoa harvest in Ivory Coast and Ghana. These factors contribute to a bearish outlook for cocoa prices in the near term.