Is Cocoa Heading Back to Pre-2024 Prices?

After exploding to a record high in late 2024, cocoa prices have plunged. Cocoa moved above its previous record high in February 2024 and continued higher, rising to over two and a half times the 1977 peak. The bearish price action has continued in 2026, with cocoa prices now heading toward the trading range in place from 1980 through 2023.Cocoa by Ha11ok via Pixabay