The US cocoa future prices continued to fall over the past month as global inflationary pressures and recession fears capped consumption and hit demand.
The September New York Cocoa contract traded on the Intercontinental Exchange (ICE) fell to $2,356 a metric tonne (t) on 6 July, down 6.5% from a month ago. The September cocoa contract price was also 2.3% lower year-on-year, ICE data showed. Previously, the September contract hit a high of $2,841/t on 10 February 2022, the highest since 5 July 2016.
Source: https://capital.com/cocoa-price-forecast