Cocoa futures are a part of the commodities futures group traded on the InterContinental Exchange in the U.S. Trading is mainly weather and politically-based. With much of the cocoa production occurring in politically unstable areas, political factors have a major influence in cocoa price stability.

In 1925 the world’s first cocoa bean future was started at the New York Cocoa Exchange. Cocoa futures prices have ranged between about 1000 and 2800 since the early 1980s. Cocoa hit a high near 5200 in 1977. Cocoa crops are susceptible to two main diseases – black pod disease for African crops and a fungus called “witch’s broom” that damaged Brazil’s cocoa crop in the 1990s.

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