Cocoa price intelligence

Cocoa prices from ICE, ICCO and verified physical trades

After cocoa's record 2024 surge, a single futures settlement is not enough. See ICE London and New York, the ICCO daily index, and verified physical prices for beans, butter, mass, and powder, all in one place.

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Trusted by modern FMCG

Leading chocolate makers, grinders, traders, and FMCG brands already use Vesper

AldiAryztaBaker & BakerBarry CallebautBiscuit InternationalBungeCargillDanoneFerreroFutureGourmandKerryKraft HeinzLantmännenMademoiselle DessertsMarsMead JohnsonMondelēzNestléOlamOleofinosRemiaSachsen-MilchSainsbury'sSavenciaTony's ChocolonelyUnileverUniversal NutritionVandemoorteleZaanse SchansAAKArlaAssociated British FoodsCSMGeneral MillsHuelKodiakLand O'LakesMagnumMannerMüllerPerfetti Van MellePuratosUpfieldXXL NutritionAldiAryztaBaker & BakerBarry CallebautBiscuit InternationalBungeCargillDanoneFerreroFutureGourmandKerryKraft HeinzLantmännenMademoiselle DessertsMarsMead JohnsonMondelēzNestléOlamOleofinosRemiaSachsen-MilchSainsbury'sSavenciaTony's ChocolonelyUnileverUniversal NutritionVandemoorteleZaanse SchansAAKArlaAssociated British FoodsCSMGeneral MillsHuelKodiakLand O'LakesMagnumMannerMüllerPerfetti Van MellePuratosUpfieldXXL Nutrition

Verified market data

Futures, the ICCO index, and verified physical prices together

A single ICE settlement tells you part of the story. Vesper combines exchange prices with the ICCO daily index and exclusive verified physical trades, so you see the real cost of beans, butter, mass, and powder, updated continuously.

  • ICE London and ICE New York futures alongside physical VPI prices
  • Feeds from ICE, ICCO, Eurostat, plus Vesper VPI
  • Updated daily with verified market transactions
Explore the price index

Cocoa Price Benchmark

VPI ICE
Cocoa, beans ICE
ICCO Index ICCO
Cocoa, FAQ Eurostat
Cocoa, butter VPI
Cocoa, mass VPI
Cocoa, powder VPI

AI forecasting (90%+ accuracy)

See where cocoa prices head before your next contract

Cocoa has been one of the most volatile soft commodities on record. Vesper AI forecasts price direction for beans, butter, mass, and powder, so you can time contracts through the volatility and justify forward decisions to finance.

  • 12-month price forecasts for every major cocoa derivative
  • 90%+ directional accuracy verified over time
  • Weekly analyst commentary on West Africa supply and grindings
See the forecasts

12-Month Price Forecast

Cocoa, beans
+8% to +12% Bullish
Cocoa, butter
+10% to +14% Bullish
Cocoa, powder
-3% to -6% Bearish
Cocoa, mass
±3% Neutral
AI-powered, analyst-reviewed

Cost models

Model true production costs for chocolate and cocoa products

Public data gives you a commodity price. Vesper builds you a should-cost model for the finished product, including non-ingredient costs like packaging, logistics, and energy, so you know exactly what a fair price looks like.

  • Bill-of-materials cost breakdown per chocolate or cocoa product
  • Non-ingredient costs included (packaging, energy, logistics)
  • Live updates as cocoa prices move
Build a cost model

Cost model: Dark chocolate bar

Cocoa mass 2.91 EUR/kg
Cocoa butter 1.85 EUR/kg
Sugar 0.21 EUR/kg
Packaging 0.17 EUR/kg
Energy 0.09 EUR/kg
Should-cost total 5.23 EUR/kg

How it works

From raw data to confident decisions

01

Connect your market

Access verified exchange, index, and physical benchmarks across the cocoa complex.

Cocoa price series

24+ series
Cocoa beansCocoa butterCocoa massCocoa powder 10-12%ICCO IndexCocoa, FAQICE LondonICE New YorkCocoa powderBeans, fermentedCocoa liquorCocoa, ASECocoa cakeCocoa nibsCocoa, ICCO SDRShea nutsShea butterShea oilChocolate, >2kgChocolate, filledCouvertureCocoa, Main cropCocoa, Mid cropCocoa, organicCocoa, fair tradeCocoa, deodorized butterCocoa, natural powderCocoa, alkalized powderCocoa shellsCocoa, =<2kg packaged
Regions: Ivory CoastGhanaNigeriaCameroonEUUS
Jasper Endlich

"When ICE moves on a West Africa headline, you can see straight away whether the physical premium followed."

Jasper E. · Senior Market Analyst

02

Forecast and analyze

Run AI-powered scenarios to model price movements, demand shifts, and input costs.

Cocoa beans · 12-month AI forecast

Past 6 mo.Today+6 mo.
Justine White

"A 12-month view turns reactive buying into planned purchasing."

Justine W. · Sr. Market Insights Analyst

03

Collaborate with your team

Share dashboards with procurement, finance, and supply chain stakeholders.

Shared dashboard

Cocoa beans alert triggered now
Butter forecast shared 5m
Cost model exported 1h
Gehrman Kosenkov

"Aligning procurement and finance on one shared view cuts negotiation cycles in half."

Gehrman K. · Senior Market Analyst

The Vesper difference

What changes when you can see the whole cocoa price picture

Reading a single ICE settlement and guessing the physical premium

ICE London and New York, the ICCO index, and physical VPI side by side

Chasing brokers to price beans, butter, mass and powder separately

Every cocoa derivative benchmarked daily in one place

Caught off guard by record cocoa volatility and West Africa news

Daily verified prices with analyst commentary on supply drivers

Rebuilding cost spreadsheets every time the cocoa market moves

Live should-cost models that update automatically as prices shift

Why Vesper

Why cocoa buyers choose Vesper

24+

cocoa products tracked

6

sources incl. ICE & ICCO

25

regions covered

1,200+

procurement teams

"Cocoa has been one of the most volatile markets in a generation. Pricing off a single exchange settlement is a risk. Seeing ICE, the ICCO index, and verified physical benchmarks together is how buyers stay grounded."

Trusted by leading chocolate and confectionery procurement teams

Cocoa butter, mass & powder physical premiums sit far above the futures price, benchmarked daily on Vesper.

 Explore cocoa prices

See it in action

See the Vesper dashboard in action

Explore real-time cocoa price data across ICE, ICCO, and physical benchmarks, historical trends, and cost projections, all in one unified view. No spreadsheets, no guesswork. Just clear, actionable data.

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Downloads

Additional resources for cocoa and chocolate professionals

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