Global price of Cocoa
This dataset tracks global price of cocoa over time.
Latest Value
8401.95
Year-over-Year Change
0.26%
Date Range
1/1/1990 - 6/1/2025
Summary
The global price of cocoa is a key indicator of the cost of this essential agricultural commodity used in chocolate production and other food products worldwide.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The global cocoa price reflects the supply and demand dynamics of the global cocoa market, which is influenced by factors such as weather, crop yields, and geopolitical events in major cocoa-producing regions.
Methodology
The data is collected and calculated by commodity exchanges and research organizations that track global agricultural prices.
Historical Context
Cocoa prices are closely monitored by food manufacturers, traders, and policymakers concerned with agricultural commodity costs and food inflation.
Key Facts
- Cocoa is grown primarily in West Africa, which produces about 70% of the global supply.
- Global cocoa demand has been rising due to growing chocolate consumption, especially in developing markets.
- Cocoa prices can be volatile due to weather shocks and other supply disruptions in major producing regions.
FAQs
Q: What does this economic trend measure?
A: The global price of cocoa, a key agricultural commodity used in chocolate and other food products worldwide.
Q: Why is this trend relevant for users or analysts?
A: Cocoa prices impact the costs for food manufacturers and are closely watched as an indicator of agricultural commodity inflation.
Q: How is this data collected or calculated?
A: The data is collected and calculated by commodity exchanges and research organizations that track global agricultural prices.
Q: How is this trend used in economic policy?
A: Cocoa prices are monitored by policymakers concerned with agricultural commodity costs and their impact on food inflation.
Q: Are there update delays or limitations?
A: The data may have some delays due to the complexity of global agricultural commodity markets.
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Citation
U.S. Federal Reserve, Global price of Cocoa (PCOCOUSDM), retrieved from FRED.