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Cocoa

COC · Agriculture · ICE · Quoted in USD/t
7,850.00 USD/t
-22.86 (-0.29%) today
· CI Indication

Origin markets

Origin spread 320.00 USD/t

Benchmark: ICE cocoa (NY/London basis). The same tonne prices differently by origin — freight, quality, sanctions and policy set the differential. Deep dive

OriginBasisPricevs benchmarkMarket note
🌐
ICE basis
Global · reference
Futures basis7,850.00BenchmarkThe terminal reference; origins add a country differential
🇬🇭
Ghana (LID + quality)
Ghana · world #2
FOB Tema8,060.00
+210.00 (+2.7%)narrowing
Living Income Differential plus a quality premium; Cocobod-marketed
🇨🇮
Côte d'Ivoire (LID)
Côte d'Ivoire · ~40% of world crop
FOB Abidjan8,030.00
+180.00 (+2.3%)widening
Living Income Differential plus origin diff
🇪🇨
Ecuador (CCN-51/Nacional)
Ecuador · flavor + bulk
FOB Guayaquil7,940.00
+90.00 (+1.1%)stable
Fast-growing bulk plus fine-flavor Nacional
🇳🇬
Nigeria / Cameroon
Nigeria · mid-crop
FOB7,790.00
-60.00 (-0.8%)stable
Mid-crop and quality discount
🇮🇩
Indonesia
Indonesia · grinder-grade
FOB7,740.00
-110.00 (-1.4%)widening
Unfermented grinder-grade discount

Differentials are indicative desk assessments over the live benchmark — 90-day spread trend shown per origin.

Track physical flows on the live vessel map →
Open
7,872.86
Day High
7,856.76
Day Low
7,787.55
Prev Close
7,872.86
1W
+1.46%
1M
+5.98%
1Y
+16.70%
5Y
-3.98%
Exchange
ICE

6-month range

Annualised volatility 16%
Low 5,525.50Now 7,850.00 · 62%High 9,291.86

Forward curve

Indicative term structure · Contango

Spot
7,850.00
USD/t
3M
7,948.00
+1.25%
6M
8,029.00
+2.28%
12M
8,162.00
+3.97%
18M
8,309.00
+5.85%
24M
8,488.00
+8.13%

In other units

Converted from 7,850.00 USD/t · indicative FX

USD/kg
7.850
USD/lb
3.561
EUR/t
7,222.00
CNY/t
56,912.50

About Cocoa

Cocoa is traded in the agriculture segment, with price discovery referenced against ICE. The chart above shows the trailing indicative price path. Physical parcels of Cocoa can be sourced or placed through the Off Market desk, listed openly on the Marketplace, or intermediated by a specialist broker.

AgricultureICEUSD/t-0.29% today
Top producers
1. Côte d'Ivoire2. Ghana3. Ecuador4. Cameroon
Principal uses
  • Chocolate
  • Cocoa butter & powder
  • Cosmetics