Cocoa Price
Global Cocoa Price — Historical Chart
$4,395.5/ton
▼ 47.69% YoYJun 2026
All-Time High
$10,710/ton
All-Time Low
$861/ton
Data Since
1992
Source: FRED / IMFShaded = NBER recessions
Cocoa price in USD per metric ton (IMF). The 2024 cocoa parabola — prices tripling in under 12 months to above $10,000/ton — was driven by El Niño-induced drought in West Africa, where Ivory Coast and Ghana produce 60% of global supply. Aging trees and a structural supply deficit that built for years made this one of the most dramatic single-commodity moves in modern history.