Cocoa prices fell below $4,000 per metric ton on 10 February 2026, extending a downward trend that has intensified since January.
This brings the month-to-date loss to over 10%, with prices currently around $3,780 per metric ton, raising concerns of a repeat of January’s more than 29% decline.
Analysts attribute the continued slide to favorable growing conditions in major West African cocoa-producing countries, which have boosted supplies reaching the ports.