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Cocoa futures track the price of raw cocoa beans, the primary input for chocolate and a wide range of confectionery products. The market is heavily influenced by weather conditions and crop disease in key West African growing regions, particularly Côte d'Ivoire and Ghana, which together account for roughly 60% of global supply. Demand is driven by global chocolate consumption, with notable processing hubs in Europe and North America. Prices are quoted in U.S. dollars per metric ton on the ICE Futures U.S. exchange.
Marktcontext
Cocoa is trading at $5,665 per metric ton, up about 1.5% today but essentially flat on the week, off less than 0.1%. The commodity has declined roughly 4.8% over the past month and is down about 3.5% year-to-date and approximately 4.7% compared to one year ago.