Two halves of this family point in opposite directions over twelve months. As of 4 November 2026, cocoa butter is 48.7% lower than a year ago and cocoa mass 39.8% lower, while most honeys are up 10.8%. Over three months the picture is much calmer: the family averages -0.3%, even though risers (twenty) outnumber fallers (eleven).
Cocoa itself barely moved over the quarter. Cocoa is up 0.2% and cocoa beans 0.4%, cocoa butter 0.6% and cocoa mass 2.8%, the best three-month figure in the family. The cocoa note, dated 2 November, reports prices falling on 23 October alongside rising ICE stocks and higher Nigerian exports, and again on 28 October after a report on instability in Ghana's sector.
Chocolate is weaker. Chocolate fell 2.1% over three months and 12.0% over the year, dark chocolate 2.0% and 13.8%, and couverture chocolate 0.8% and 30.0%. White chocolate is the exception, up 1.5% on three months though 16.9% down on the year. The chocolate notes describe retail prices in Poland rising in September while cocoa exchange prices were below their year-earlier level.
In honey, the one-year gains are broad. Forest honey, mountain honey, thyme honey and most other named honeys show +0.5% on three months and +10.8% on the year. The exceptions are flower honey, down 6.2% over three months, the family's steepest drop, and honey, down 3.7%. Both remain higher on the year, by 8.8% and 8.9%.
The honey notes report that EU imports of Mercosur honey rose steeply between May and July, exceeding the first tariff-free quota under the trade agreement, and that beekeepers called for vigilance. On 28 October, the flower honey note adds, the crop in Galicia was described as disastrous, with drought and the velutina hornet cited.
Outside cocoa and honey, processed nuts gained 0.8% over three months and 2.9% over the year; on 19 October Turkish hazelnut prices were reported weak, with supply risks rising. Peanut butter slipped 0.9%, and spread rose 1.5%.