Cocoa London Prices

09-12-2025 - Over the past month, the price of cocoa in London has experienced a significant decline, falling from £4,536 per metric ton to £4,120 per metric ton. This decrease highlights a downward trend in the raw material market, suggesting possible changes in supply or demand dynamics. The forecast for London cocoa prices predicts a further drop to £3,823 per metric ton, a 7.2% decrease from the current price of £4,120 per metric ton. This anticipated reduction of £297 per metric ton signals potential risks for market stakeholders.

The forecast indicates substantial downward pressure on raw material prices, primarily influenced by technical data, which contributes a negative impact of £136 per metric ton. Although supply data suggests some upward pressure, the combined effects of demand, flows, and technical data point towards a continued downward trend.

Contrary to this forecast, recent reports from external sources, such as a Nasdaq article dated December 8, 2025, suggest an upward trend in cocoa prices. New York cocoa has reached a 3.5-week high, and London cocoa a 3-week high, driven by a reduced global cocoa surplus. The International Cocoa Organization (ICCO) has revised its 2024/25 surplus estimate down from 142,000 metric tons to 49,000 metric tons and lowered the global production estimate from 4.84 million metric tons to 4.69 million metric tons. This information presents a differing perspective on the forecasted price decline, indicating potential upward pressure due to smaller global supplies.