The worsening wave of Covid-19 cases in significant global economies increased concerns among cocoa traders. Cocoa prices are going lower as the resurgence of coronavirus around the world threatens global chocolate demand. At the last trading session, which was in September, cocoa prices closed at USD 2,164.50 per 1000 kg. As a result of weakening cocoa demand globally, the price of September cocoa futures dropped to USD 2,159 per 1000 kg, nearing a one-year decrease in cocoa price, before stabilizing above its support levels.