Cocoa price march 2025

Cocoa futures hovered around $7,930 per tonne, remaining close to the four-month low of $7,552 reached on March 4th, as improving weather and unexpected surplus forecasts weighed on prices. Cocoa has tumbled nearly 40% since its sharp rally in December, driven by easing concerns over adverse

weather in top producers Ivory Coast and Ghana. The International Cocoa Organization now projects a supply surplus of 142,000 tons for the 2024/25 season, following three

consecutive years of deficits, with increased rainfall across West Africa fostering new crop growth. Meanwhile, recent data showed cocoa arrivals at Ivory Coast ports rose 14.8% from the season's start to March 9th compared to the same period last year, when poor weather and disease significantly impacted production.

Cocoa

Cocoa is traded on New York Mercantile Exchange (NYMEX) and the Intercontinental Exchange (ICE) in London. The prices in New York are based on the South-Asian market and prices in London are based on cocoa from Africa. The size of each cocoa contract on the NYMEX is 10 metric tons.The biggest producers of cocoa are Ivory Coast and Ghana which together account for more than 60% of the world?s output. Other major producers include: Indonesia, Nigeria, Cameroon, Ecuador and Brazil. Although cocoa is one of the world?s smallest soft commodity markets, it has global implications on food and candy producers, and the retail industry. Cocoa prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments.