Where Are Cocoa Prices Heading in 2027?

Cocoa prices have been volatile in 2026, dropping from over $6,000 per ton at the end of 2025 to below $2,850 per ton in early March. Since then, cocoa futures have made mostly higher lows and higher highs, reaching over $6,800 in late August. In October 2026, the price has retreated from the August 31 high, but the bullish trend since 2026 remains intact.Chocolate cocoa chopped on table by Simone_ph via Pixabay