The ICE Cocoa contract is the world benchmark contract for the global cocoa market. The contract prices physical delivery of exchange-grade product from a variety of African, Asian and Central and South American origins in any of five US delivery ports.
Cocoa seeds are processed into cocoa powder for use mainly to make chocolate and cocoa butter. Cocoa pulp can be eaten fresh or made into cocoa juice.
ICE offers data quotes on a subscription basis.
|Trade Unit||10 metric tons|
|Point Value||Need point value!|
|Tick Value||Need tick value!|
|Contract Months||Mar, May, Jul, Sep, Dec|
|Last Trading Day||One business day prior to last notice day|
|Trading Hours||08:00 to 11:50 Eastern time; closing period commences at 11:48 Eastern time||01:30 Eastern to 15:15 Eastern|