Cocoa London Prices

06-02-2026 - Over the past month, the price of Cocoa London has experienced a significant drop, falling from £4,291/t to £3,065/t. This sharp decline indicates a notable market shift, likely influenced by changes in supply, demand, or other economic factors. The forecast predicts a further decrease to £2,827/t, a 7.8% reduction from the current price, suggesting a continued downward trend. This trend introduces potential market volatility, impacting raw material prices.

The forecast highlights a significant downward price impact of -£87/t, primarily driven by Technical data, including Futures Curve and Price Signals. While Supply data suggests upward pressure, Demand, Flows, and Technical data point towards a decrease in raw material prices. Recent analyses present a bearish outlook for the ICE Cocoa market over the next month, consistent with the forecasted price decline to £2,827/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 expected to boost the February-March cocoa harvest in Ivory Coast and Ghana. These factors contribute to a bearish outlook for cocoa prices in the near term.