After reaching a record high of $12,931 per ton in December 2024, nearby ICE cocoa futures prices have more than halved, trading around the $5,500 level in late 2025. Cocoa remains in a bearish trend in December 2025, but the price remains elevated compared to the pre-2024 levels.Bar of chocolate by Karandaev via iStock
Will Cocoa Remain Above the Critical Long-Term Technical Support?
Written on 12/12/2025
Andrew Hecht

