U.S. Spot Prices for Selected Origins of Cocoa Beans and Products
----------------------------------------Cocoa beans-------------Chocolate liqu--Cocoa butter--Cocoa cake
Ghana 1/Cote d'Ivoi Brazil Dom. Rep. IndonesiaEcuador MalaysiaEcuador Brazil African Other 10-12% Fat
Dollars per metric tons
1992/93
October 1,202 1,155 953 935 1,083 1,049 1,466 1,583 2,548 2,631 465
November 1,225 1,163 977 947 1,144 1,061 1,522 1,619 2,604 2,692 529
December 1,175 1,126 945 916 1,106 1,025 1,492 1,577 2,480 2,570 534
January 1,184 1,131 959 917 1,102 1,033 1,510 1,596 2,487 2,571 559
February 1,150 1,063 929 870 1,055 989 1,445 1,507 2,377 2,435 521
March 1,138 1,039 914 852 1,044 960 1,415 1,470 2,381 2,414 526
April 1,165 1,062 940 875 1,095 987 1,465 1,515 2,468 2,493 527
May 1,157 1,042 917 853 1,075 954 1,411 1,477 2,405 2,424 513
June 1,152 1,024 919 845 1,083 944 1,412 1,451 2,380 2,406 502
July 1,173 1,095 957 887 1,143 983 1,534 1,528 2,451 2,494 546
August 1,254 1,125 1,030 950 1,199 1,051 1,648 1,632 2,624 2,675 587
September 1,408 1,279 1,183 1,099 1,349 1,203 1,841 1,894 3,001 3,063 661
Average 1,199 1,109 969 912 1,123 1,020 1,513 1,571 2,517 2,572 539
1993/94
October 1,465 1,254 1,135 1,057 1,289 1,172 1,809 1,826 2,960 3,010 635
November 1,512 1,330 1,213 1,137 1,364 1,264 1,945 1,981 3,234 3,269 686
December 1,616 1,380 1,284 1,199 1,401 1,323 2,016 2,086 3,365 3,401 719
January 1,501 1,291 1,195 1,110 1,313 1,246 1,866 1,941 3,088 3,127 664
February 1,453 1,262 1,157 1,076 1,271 1,202 1,813 1,881 3,006 3,046 627
March 1,533 1,337 1,240 1,172 1,359 1,297 1,962 2,018 3,285 3,329 614
April 1,450 1,259 1,174 1,098 1,273 1,225 1,860 1,895 3,091 3,127 536
May 1,564 1,398 1,301 1,235 1,406 1,357 2,086 2,122 3,435 3,491 611
June 1,600 1,453 1,361 1,298 1,465 1,402 2,176 2,216 3,563 3,616 646
July 1,697 1,532 1,453 1,390 1,559 1,502 2,325 2,368 3,754 3,827 708
August 1,701 1,549 1,443 1,374 1,548 1,498 2,298 2,342 3,772 3,814 699
September 1,632 1,486 1,373 1,308 1,465 1,420 2,185 2,233 3,621 3,654 647
Average 1,560 1,378 1,277 1,205 1,393 1,326 2,028 2,076 3,348 3,393 649
1994/95
October 1,596 1,437 1,327 1,265 1,418 1,382 2,100 2,137 3,582 3,572 585
November 1,599 1,439 1,326 1,262 1,424 1,382 2,081 2,127 3,626 3,608 565
December 1,576 1,437 1,297 1,254 1,394 1,368 2,035 2,081 3,571 3,557 523
January 1,652 1,526 1,372 1,334 1,481 1,453 2,159 2,197 3,791 3,759 566
February 1,685 1,606 1,411 1,375 1,515 1,515 2,209 2,298 3,926 3,918 585
March 1,652 1,645 1,394 1,362 1,507 1,509 2,198 2,320 3,883 3,914 599
April 1,629 1,646 1,384 1,353 1,487 1,492 2,187 2,298 3,826 3,881 576
May 1,596 1,620 1,357 1,331 1,445 1,458 2,144 2,281 3,738 3,783 577
June 1,590 1,606 1,353 1,331 1,435 1,448 2,139 2,281 3,726 3,774 577
July 1,518 1,531 1,286 1,270 1,366 1,376 2,024 2,147 3,569 3,634 527
August 1,553 1,556 1,341 1,323 1,396 1,422 2,016 2,166 3,752 3,762 526
September 1,510 1,512 1,320 1,299 1,359 1,407 1,970 2,086 3,774 3,682 514
Average 1,596 1,547 1,347 1,313 1,436 1,434 2,105 2,202 3,730 3,737 560
1995/96
October 1,516 1,512 1,336 1,307 1,357 1,425 1,975 2,089 3,756 3,739 527
November 1,561 1,565 1,391 1,349 1,412 1,468 2,072 2,218 3,899 3,892 531
December 1,482 1,503 1,346 1,295 1,352 1,412 1,949 2,123 3,695 3,693 501
January 1,454 1,478 1,321 1,279 1,331 1,375 1,966 2,076 3,602 3,604 516
February 1,476 1,493 1,350 1,303 1,351 1,394 1,996 2,102 3,691 3,647 519
March 1,423 1,442 1,311 1,257 1,306 1,337 1,908 2,031 3,492 3,520 501
April 1,536 1,554 1,419 1,368 1,416 1,458 2,080 2,226 3,832 3,892 534
May 1,561 1,586 1,452 1,405 1,441 1,502 2,108 2,285 3,915 4,022 530
June 1,578 1,600 1,453 1,410 1,449 1,533 2,083 2,256 3,922 3,940 507
July 1,553 1,569 1,424 1,385 1,420 1,495 2,059 2,203 3,833 3,850 502
August 1,563 1,584 1,428 1,394 1,430 1,501 2,040 2,195 3,870 3,875 530
September 1,559 1,576 1,415 1,383 1,414 1,490 2,037 2,203 3,856 3,862 530
Average 1,522 1,539 1,387 1,345 1,390 1,449 2,023 2,167 3,780 3,795 519
1996/97
October 1,580 1,582 1,425 1,391 1,445 1,498 2,061 2,242 3,909 3,912 529
November 1,592 1,547 1,548 1,396 1,365 1,407 1,448 2,023 2,205 3,837 3,832 510
December 1,612 1,561 1,567 1,407 1,379 1,413 1,453 2,040 2,212 3,883 3,889 516
January 1,564 1,518 1,526 1,379 1,350 1,391 1,419 2,004 2,131 3,777 3,790 464
February 1,493 1,451 1,463 1,322 1,289 1,330 1,351 1,869 2,043 3,570 3,599 466
March 1,630 1,596 1,596 1,466 1,435 1,462 1,471 2,097 2,254 3,979 3,973 536
April 1,668 1,632 1,646 1,507 1,469 1,516 1,549 2,176 2,305 4,058 4,030 556
May 1,660 1,621 1,637 1,496 1,459 1,500 1,538 2,150 2,290 4,020 3,985 554
June 1,778 1,739 1,753 1,620 1,578 1,630 1,667 2,300 2,449 4,281 4,286 613
July 1,779 1,741 1,755 1,625 1,581 1,637 1,670 2,369 2,441 4,257 4,262 615
August 1,761 1,726 1,738 1,603 1,566 1,626 1,641 2,332 2,417 4,185 4,177 612
September 1,893 1,862 1,875 1,735 1,707 1,775 1,766 2,530 2,671 4,513 4,518 663
Average 1,675 1,631 1,641 1,498 1,464 1,511 1,539 2,163 2,305 4,022 4,021 553
1/ Ghana, main crop, added with the November 1996 data. Prior data not available.
Source: The Cocoa Merchants' Association. All prices are nominal and are net ex-dock or ex-warehouse, U.S. east
for merchandise physically available in interstate commerce, in truckload quantities, and in regular commercial q
October 1997 Horticultural and Tropical Products Division, FAS/USDA
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Last modified: Thursday, April 06, 2000
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