$ shortage commodity get SFT.COCO > spot: $5,123/MT > stress_index: 0.83 CRITICAL > updated 14:27 UTC
BRENT $72.13/b ● TTF €44.25/MWh ● OPEC_ORB n/a SPR_US 331.2 Mb ▼ FAO_FFPI 130.8 ▼
Cocoa, a market in structural deficit after successive West African crop failures.
Cocoa is the raw bean for chocolate, traded on the Intercontinental Exchange in US dollars per metric tonne. Côte d'Ivoire and Ghana together produce about 60% of world supply. Current spot: $5,123/MT — a level that has held for six months after peaking near $11,000/MT in mid-2024. Stress index: 0.83.
Cocoa, a market in structural deficit after successive West African crop failures. At the latest reading, Cocoa prints a spot of $5,123/MT — a move of ▼1.40% over the past twenty-four hours and ▲6.50% across the trailing thirty days.
The v3.2 stress index places SFT.COCO at 0.83 — a critical reading on a composite that blends price momentum, inventory cover, supplier concentration and geopolitical exposure. The metric is recomputed on every ingestion cycle, and the weekly delta is the line worth tracking rather than the absolute level.
For operators, the question is not the spot itself but the buffer behind it. A tightening reading on Cocoa compounds with any incident on a shared transit route or producer, and the cascade is rarely linear. The scenarios below carry SFT.COCO as an explicit input — each one is wargamed and reviewed against this commodity's exposure profile.
No active scenario currently carries Cocoa as an explicit input.