After a parabolic rally that took cocoa to an all-time high in late 2024, prices corrected, falling by 78%. ICE cocoa futures reached a bottom in March 2026, and prices have more than doubled at the most recent July 2026 high.Bar of chocolate by Karandaev via iStock
Why Have Cocoa Prices Recovered?
Written on 08/04/2026
Andrew Hecht

