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Cocoa Beans Prices per Metric Ton in 30 years

Written By mine on Senin, 26 September 2011 | 05.57

Cocoa beans, International Cocoa Organization cash price, CIF US and European ports, US Dollars per Metric Ton in 30 years. Cocoa for delivery in May peaked at ?1,820 per tonne in London, which was its highest price since October 1985.

cocoa price history

Cocoa traded in the US has also been rising, although not as strongly because of the strength of the dollar.

Most commodities are priced in dollars, even in London trading, but London cocoa is priced in sterling, so traders can benefit from the weaker currency. "Cocoa is on fire," said Sterling Smith from FuturesOne in Chicago.

There are concerns about falling cocoa production in Africa, while demand for cocoa is holding up much better than other commodities in the downturn.
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