Why are Cocoa Prices so high?
23-10-2025 - Cocoa ICE prices fell by 9.1% from $7001.0 to $6363.0 per tonne over the last month. The high was $7065.0 on 24th September, while the low was $5844.0 on 15th October.
Our one month forecast for Cocoa ICE is $6462.0 per tonne, a 1.6% increase from the latest price. Our analysis shows balanced risk around this forecast for the raw material.
Our current forecast is heavily influenced by Technical data, with a significant impact of $258.0 per tonne. Among Technical data, Traders' Positions and Price Signals are the most impactful families, contributing $113.0 and $103.0 per tonne respectively. However, there is disagreement among the data types, with Supply and Technical data suggesting upward price pressure, while Demand and Flows data indicate the opposite. Demand data, specifically Global Economy and Flows, have a negative impact on the forecast, with price impacts of -$9.0 and -$49.0 per tonne respectively.
Our one month forecast for Cocoa ICE is $6462.0 per tonne, a 1.6% increase from the latest price. Our analysis shows balanced risk around this forecast for the raw material.
Our current forecast is heavily influenced by Technical data, with a significant impact of $258.0 per tonne. Among Technical data, Traders' Positions and Price Signals are the most impactful families, contributing $113.0 and $103.0 per tonne respectively. However, there is disagreement among the data types, with Supply and Technical data suggesting upward price pressure, while Demand and Flows data indicate the opposite. Demand data, specifically Global Economy and Flows, have a negative impact on the forecast, with price impacts of -$9.0 and -$49.0 per tonne respectively.
What is the current / spot price of Cocoa?
Cocoa Price Today
October 23, 2025
Current Price
6363
$/t
What is the forecast for the price of Cocoa?
Cocoa Price Forecast
October 23, 2025
1 Month Forecast
6462
$/t
1 Year Forecast
3221
$/t
What are the short-term drivers of Cocoa prices?
What are the long-term drivers of Cocoa prices?
Over the 1 Month horizon the outlook is bullish due to drivers such as: - The net positions of speculators on ICE - EWMA-based technical analysis - Short term price trends - Seasonality trends for the prediction month of year Br(None) The top contrary drivers for the 1 Month horizon are: - Long term price trends
Over the 1 Year horizon the outlook is bearish due to drivers such as: - Movements in the Ghanaian Cedi - Satellite-observed activity in Lagunes Region (Ivory Coast) - The net positions of speculators on ICE - EWMA-based technical analysis - Bulk Goods exports from Ghana Br(None)
Will the price of Cocoa go up?
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