The ICCO daily price for cocoa beans is the average of the quotations of the nearest three active futures trading months on ICE Futures Europe (London) and ICE Futures US (New York) at the time of London close.
London prices are converted into United States dollars per tonne by using the current six-month forward rate of exchange in London at closing.
The time for shift to the next three-month period is the fifteenth of the month preceding the nearest active maturing month.
More detailed information is available in the Quarterly Bulletin of Cocoa Statistics published by ICC