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Cocoa #7 Sep '23 (CAU23)

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Cocoa #7 Prices for [[ item.sessionDateDisplayLong ]]
Find the latest Cocoa #7 prices and Cocoa #7 futures quotes for all active contracts below.
[[ timeframe ]] futures price quotes as of Tue, Mar 24th, 2026.
Latest price quotes as of [[ snapshotDate ]].
[[ timeframe ]] futures price quotes, based on [[ timeframe ]] data.
Looking for expired contracts? Check out our Cocoa #7 Historical Prices page.

Cocoa #7 Futures Market News and Commentary

Possible Fertilizer Shortage Sparks Short Covering in Cocoa Futures

May ICE NY cocoa (CCK26) today is up +29 (+0.91%), and May ICE London cocoa #7 (CAK26) is up +17 (+0.72%).

Cocoa prices are moving higher today on light short-covering, spurred by concerns that the closure of the Strait of Hormuz will lead to a fertilizer shortage in West Africa ahead of the upcoming planting season.  The Gulf region is a major fertilizer exporter, and about 30% of the world's total fertilizer supply passes through the Strait.

Last Friday, cocoa prices tumbled to a 2-week low on the outlook for a bumper West African cocoa crop.  Farmers in the Ivory Coast and Ghana have reported that consistent rains have boosted pod development on cocoa trees.  

Ample supplies are also weighing on cocoa prices, as ICE cocoa inventories rose to a 7.75-month high of 2,335,682 bags on Monday.

Last month, Ghana cut the official price it pays its cocoa farmers by nearly 30% for supplies for the 2025/26 growing season, and the Ivory Coast also said it would cut co... Read more

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