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Agriculture & Softs Series coverage: 1960–2025

Cocoa Historical Price Archive

Annual Cocoa Price Archive

Cite Data

Cocoa beans are the primary raw ingredient for chocolate and cocoa butter.

Annual Cocoa benchmark price: World Bank annual nominal observations from the Pink Sheet workbook. Unit conversions and CPI adjustments are calculated by CommoditiesHistory.com. No incomplete 2026 annual value is included. Published dollars per kilogram are converted to dollars per metric ton.

Cocoa Interactive Price History (1960–2025)

Inflation-Adjusted (Real 2026 USD)

Drag to pan, scroll to zoom, and hover for annual values.

Loading chart. Annual values are also available in the table below.
Data sources: World Bank Annual Observations

Cocoa Historical Eras & Macro Cycles

Detailed analysis of secular supercycles, wartime allocations, and price shocks

Cocoa historical observations

1960–2025

World Bank annual nominal observations from the Pink Sheet workbook. Unit conversions and CPI adjustments are calculated by CommoditiesHistory.com. No incomplete 2026 annual value is included. Published dollars per kilogram are converted to dollars per metric ton.

Price Behavior Annual observations range from $370 to $7,800 ($/metric ton).
Key Catalysts
  • Supply and production
  • Industrial and consumer demand
  • International trade

Cocoa Complete Historical Price Table (1960–2025)

Nominal vs. Real Inflation-Adjusted Prices in 2026 USD

Year Nominal Price ($/metric ton) Real Price (2026 USD) CPI / Historical Estimate Historical Context / Market Event
2025 $7,800.00 $8,115.86 321.9 Structural Cocoa Swollen Shoot Virus Deficits & Tree Aging
2024 $7,330.00 $7,827.51 313.7 All-Time Historic World Record Spike ($12,575/t on April 19, 2024)
2023 $3,280.00 $3,605.93 304.7 El Niño Torrential Rains Spark Black Pod Disease in West Africa
2022 $2,390.00 $2,735.65 292.7 —
2021 $2,430.00 $3,004.03 271.0 —
2020 $2,370.00 $3,067.50 258.8 COVID-19 Confectionery Travel Retail Slump
2019 $2,340.00 $3,066.03 255.7 —
2018 $2,290.00 $3,054.89 251.1 —
2017 $2,030.00 $2,774.19 245.1 West African Bumper Crop Surplus
2016 $2,890.00 $4,033.60 240.0 —
2015 $3,140.00 $4,437.81 237.0 —
2014 $3,060.00 $4,329.88 236.7 —
2013 $2,440.00 $3,508.59 233.0 —
2012 $2,390.00 $3,487.03 229.6 —
2011 $2,980.00 $4,437.83 224.9 —
2010 $3,130.00 $4,808.34 218.1 Ivorian Presidential Election Conflict (Laurent Gbagbo Port Blockade)
2009 $2,890.00 $4,512.47 214.5 —
2008 $2,580.00 $4,014.10 215.3 Pre-GFC Supercycle Run
2007 $1,950.00 $3,150.40 207.3 —
2006 $1,590.00 $2,641.96 201.6 —
2005 $1,540.00 $2,641.42 195.3 —
2004 $1,550.00 $2,748.64 188.9 —
2003 $1,750.00 $3,185.95 184.0 —
2002 $1,780.00 $3,314.42 179.9 Ivorian Civil War Outbreak Halts Port Shipments
2001 $1,070.00 $2,023.88 177.1 —
2000 $910.00 $1,770.22 172.2 Asian Financial Crisis & Indonesian Bean Overproduction Lows
1999 $1,140.00 $2,292.18 166.6 —
1998 $1,680.00 $3,452.55 163.0 —
1997 $1,620.00 $3,381.11 160.5 —
1996 $1,460.00 $3,117.09 156.9 —
1995 $1,430.00 $3,143.19 152.4 —
1994 $1,400.00 $3,164.45 148.2 —
1993 $1,120.00 $2,596.38 144.5 —
1992 $1,100.00 $2,626.36 140.3 —
1991 $1,200.00 $2,951.37 136.2 —
1990 $1,270.00 $3,254.97 130.7 —
1989 $1,240.00 $3,349.80 124.0 —
1988 $1,580.00 $4,473.95 118.3 Côte d'Ivoire President Houphouët-Boigny Attempted Market Withholding
1987 $1,990.00 $5,868.05 113.6 —
1986 $2,070.00 $6,326.72 109.6 —
1985 $2,250.00 $7,004.69 107.6 —
1984 $2,400.00 $7,737.75 103.9 —
1983 $2,120.00 $7,130.10 99.6 —
1982 $1,740.00 $6,040.05 96.5 —
1981 $2,080.00 $7,665.11 90.9 —
1980 $2,600.00 $10,569.76 82.4 —
1979 $3,290.00 $15,180.22 72.6 —
1978 $3,400.00 $17,468.28 65.2 —
1977 $3,790.00 $20,950.07 60.6 Historic Supply Deficit (Spot Futures Peaked at $4,500/t in July 1977)
1976 $2,050.00 $12,068.70 56.9 —
1975 $1,250.00 $7,782.99 53.8 —
1974 $1,560.00 $10,599.77 49.3 —
1973 $1,130.00 $8,525.39 44.4 Commodity Super-Inflation Spillover
1972 $640.00 $5,128.88 41.8 —
1971 $540.00 $4,466.40 40.5 —
1970 $680.00 $5,870.78 38.8 —
1969 $900.00 $8,214.77 36.7 —
1968 $720.00 $6,930.62 34.8 —
1967 $600.00 $6,017.60 33.4 —
1966 $520.00 $5,376.22 32.4 —
1965 $370.00 $3,934.69 31.5 Global Confectionery Glut
1964 $510.00 $5,510.96 31.0 —
1963 $550.00 $6,020.88 30.6 —
1962 $460.00 $5,102.34 30.2 —
1961 $480.00 $5,377.61 29.9 —
1960 $590.00 $6,676.97 29.6 Post-Colonial West African Cocoa Marketing Boards (Cocobod)

Frequently Asked Questions: Cocoa History

Targeted answers to high-frequency historical and economic queries

What does this cocoa chart measure?
Annual Cocoa benchmark price. World Bank annual nominal observations from the Pink Sheet workbook. Unit conversions and CPI adjustments are calculated by CommoditiesHistory.com. No incomplete 2026 annual value is included. Published dollars per kilogram are converted to dollars per metric ton.
What is the highest annual cocoa value in this dataset?
$7,800 ($/metric ton) in 2025 annual value. This is the highest annual observation within 1960–2025, rather than a daily market record.
How are inflation-adjusted prices calculated?
Each nominal observation is multiplied by the site’s reference CPI divided by the CPI for that observation’s year. The same inflation calculation is used across commodity charts.

Cite This Dataset

World Bank: Commodity Price Data (Pink Sheet): Cocoa — Data providers: Bloomberg Finance L.P. Finance L.P.; International Cocoa Organization Secretariat; World Bank. — Underlying source data: CC BY 4.0. Source terms and acknowledgment requirements. Unit conversions and inflation adjustments by CommoditiesHistory.com.

APA (7th Edition)

Commodities History Project. (2026). Cocoa Historical Prices and Inflation-Adjusted Series (1960–2025) [Data set]. CommoditiesHistory.com. https://commoditieshistory.com/cocoa

BibTeX 
@dataset{commoditieshistory_cocoa_2026,
  author = {{Commodities History Project}},
  title = {Cocoa Historical Prices and Inflation-Adjusted Series (1960–2025)},
  year = {2026},
  publisher = {CommoditiesHistory.com},
  url = {https://commoditieshistory.com/cocoa}
}