Cocoa London Prices

30-01-2026 - Over the past month, the price of Cocoa London has experienced a significant drop, falling from £4357/t to £2952/t. This sharp decline suggests notable changes in the market value of this raw material, potentially due to shifts in supply, demand, or other market dynamics. The forecast predicts a further decrease to £2734/t, a 7.4% reduction from the current price of £2952/t, indicating a continuing downward trend. This trend is accompanied by potential market volatility that could impact raw material prices.

The forecast also highlights a significant downward price impact of -£89/t, influenced by Flows data, particularly from Exchange Rates and Seaborne Imports & Exports. While Demand and Supply factors suggest upward pressure, Flows and Technical data point to a decrease in prices. Recent analyses support this forecast, predicting a potential decline in ICE Cocoa prices over the next month, aligning with the expected drop to £2734/t.

According to a report from IndexBox dated January 14, 2026, cocoa futures have hit a 1.5-month low due to concerns over weak global demand and improved harvest outlooks in West Africa. Specifically, March ICE NY cocoa decreased by 3.60%, and March ICE London cocoa #7 fell by 2.46%. These declines are attributed to expectations of continued stagnation in Q4 cocoa grinding figures and favorable growing conditions in West Africa, which are anticipated to boost the February-March cocoa harvest in Ivory Coast and Ghana. This analysis supports the forecasted downward trend in cocoa prices.