Agriculture · reviewed 2026-07-27

Cocoa

Cocoa supply is concentrated in West Africa and shaped by weather, crop disease, farm economics, port logistics, grinding demand, inventories, and contract structure.

CoverageliveReviewed by CommodityNode Editorial

Benchmark contract

ICE U.S. Cocoa futures

CC=F
Instrument
Futures benchmark
Exchange
ICE Futures U.S.
Unit
USD/metric ton
Currency
USD
Provider
Yahoo Finance via provider adapter
Timing
Provider-defined; use the displayed as-of timestamp.

Interpretation: The futures quote does not represent every origin differential or local farm-gate price.

Physical chain

From source to demand

  1. 01Farm
  2. 02Cooperative
  3. 03Warehouse
  4. 04Port
  5. 05Grinder
  6. 06Manufacturer

Exposure context

Where the chain matters

Production regions

  • Côte d’Ivoire
  • Ghana
  • Ecuador
  • Nigeria
  • Cameroon

Demand sectors

  • Chocolate
  • Food manufacturing
  • Cosmetics

Market context

What to read alongside the benchmark

Read the futures benchmark beside crop arrivals, weather, disease reports, farm incentives, port movement, certified stocks, grindings, and origin differentials. Production evidence and contract pricing update on different calendars. A sharp futures move can therefore precede confirmed crop data or reflect positioning as well as physical supply.

Interpretation guide

How to use this page

Start with the benchmark contract to confirm the instrument, unit, exchange, and timing policy. Then compare that market proxy with the physical chain and regional exposure shown below. A benchmark move does not establish the cause of a disruption, and a disruption does not guarantee a price response. Follow the cited source before using any relationship in a decision.

Live intelligence

Continue from definition to current context.

The live application adds current quote state, related instruments, routes, chokepoints, and published Event Pulse records. Universe lines remain taxonomy until an evidence-backed event path is published.

Open Cocoa in live intelligence

Source register

Evidence used for this definition

  1. FAOSTAT Crops and livestock productsFood and Agriculture Organization of the United Nations

Found a definition or source problem? Use the correction channel on the About page.