Cocoa prices & intelligence
Cocoa prices are some of the most volatile of all agri-food markets – a wide range of factors affect cocoa supply, and global demand consistently high, price increases are common. Expana’s cocoa prices, market insights and forecasts allow you to understand this complex landscape, make more informed decisions and improve your margins.
Expana —the IOSCO assured global leader in cocoa commodity prices and global market intelligence
At Expana, we provide much needed transparency into global cocoa markets. Over the past decade, total global production has averaged 4.7 million metric tons. Consumption over that same time period is only slightly below this, meaning that the supply/demand balance within the cocoa industry is very tight. Add in diseases such as swollen shoot virus and black pod disease, as well as changing rainfall levels and weather patterns, make the cocoa market one of the most volatile of all commodities in the past few years.
To track and understand this uncertainty, Expana provides industry-leading cocoa insights:
- proprietary semi-finished cocoa product prices on an ex-works basis covering the major components of chocolate and cocoa-flavored products, as well as associated product ratios
- IOSCO assured cocoa butter prices
- 11 forecasted cocoa price series
- expert analysis on market defining items in the cocoa industry
- reports, webinars and regular market insights, plus real-time news
- historical pricing, trends, charting tools, and cost modeling
- Tropical Research Services, a subsidiary of Expana, offer top-tier cocoa production forecasts and crop tours across major producing nations
Trusted by industry leaders for reliable market insight
Our cocoa forecasting methodology
Expana’s cocoa price forecasts are grounded in a comprehensive analysis of commodities’ market dynamics. Our robust methodology integrates macro-economic, fundamental, and technical analyses, providing solid recommendations and driving effective decision-making in the cocoa commodity market.
- The macro-economic analysis explores global manufacturing sector developments, and their impact on commodity prices, presenting key indicators such as GDP, unemployment, inflation, and interest rates for major regions.
- The fundamental analysis offers an overview of the current cocoa supply-and-demand balance, taking into account weather conditions and disease prevalence
- Finally, the technical analysis employs indicators such as moving averages, MACD and RSI to anticipate changes in price movements
The breadth and depth of Expana’s analysis ensure that our cocoa forecasts are accurate, reliable, and actionable. This comprehensive approach equips businesses with the knowledge and foresight needed to navigate the market confidently, seize opportunities, and mitigate risks.
Trusted data and insights, backed by experts
At Expana, you can rest assured that the world’s foremost market analysts have rigorously verified the data to ensure accuracy and integrity.
Our methodology
Expana is an IOSCO-assured Price Reporting Agency, ensuring the data you benchmark against is the best of its kind.
Use cases
Efficiency
Save time and improve productivity with our actionable insights.
Cost control
Navigate market challenges and maximize long-term success.
Profitability
Utilize our data, market fundamentals, and forecasting expertise to gain a financial edge.
Risk mitigation
Manage risks proactively and minimize your exposure to price fluctuations.
Essential intelligence for industry professionals
Expana delivers essential intelligence to industry professionals across the coffee and cocoa supply chains, ensuring business leaders stay informed about the latest prices and industry trends, enabling them to effectively navigate disruptions, manage prices, and deliver value to their customers.
Cocoa Market FAQs
Why are cocoa prices rising?
Supply issues caused by poor weather in Western Africa and diseases such as black pod and swollen shoot virus have devastated cocoa plantations, reducing the available supply. Demand has stayed consistently strong, resulting in increasing cocoa prices.
How is cocoa traded?
Most cocoa products in a tradeable form start out as cocoa beans. From there, further processing can turn them into either cocoa liquor (also known as cocoa mass) or a combination of cocoa butter and cocoa powder. These products form the majority of traded cocoa products globally, with cocoa butter and liquor largely being used in the production of chocolate, while cocoa powder goes into any number of products which are chocolate-flavored, such as ice creams, beverages, baked goods and others.
What are cocoa products manufactured into?
By volume, the majority of cocoa products are manufactured into finished chocolate, but chocolate-flavored products such as ice cream, baked goods, compound, and beverages are all produced. Additionally, cocoa butter is sometimes used for health & beauty products.