What are cocoa prices based on?

Cocoa prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Cocoa increased 5,100.97 USD/MT or 121.57% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity.

How much has cocoa increased since 2024?

Cocoa increased 5,100.97 USD/MT or 121.57% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Cocoa reached an all time high of 12261.00 in April of 2024.

Why did cocoa prices rise Tuesday?

Cocoa prices Tuesday posted moderate gains on concerns that recent losses have been excessive. Short covering in cocoa futures emerged Tuesday after the Hightower Report warned that West African cocoa farmers' lack of fertilizer and pesticide use will hurt output during the 2024/25 season.