The principal objects of the Association are to foster trade and welfare of the cocoa beans and cocoa products industry in the United States; to obtain for its membership the benefits to be secured by friendly intercourse among those engaged in importing and trading in cocoa beans and cocoa products and, by mutual cooperation and joint action, to promote and advance the interests of thereto; to secure freedom from unjust or unlawful exactions; to procure uniformity and certainty in the customs and usage of the trade and commerce in cocoa beans and cocoa products; to settle differences between its members; and to do such other and further acts and things far as the same are permitted by the laws of the State of New York to corporations under the Not for Profit Corporation Law and by the Antitrust Statute of the United States of America.


CMAA oversees the administration of a weekly review among the Association’s Regular and Associate Trade members, who actively trade cocoa beans and/or cocoa products.   Effective immediately, the CMAA will no longer publish the prices on the website.   Not a CMAA member?    Please download the CMAA 2018 Membership Application to see if you qualify for membership.
As a reminder, quotes are collected throughout the week via emails and /or via telephone from as many Regular and Associate Trade members as possible.   Prices will not be published if the Association cannot collect quotes from a minimum of five members.

Quotes will be in differential terms for cocoa beans, ratio terms for cocoa butter and in outright terms in U.S. Dollars for cocoa cake with each being priced on a two month forward basis.  All pricing is to be expressed basis the second month terminal position on ICE Futures U.S., Inc. (ICE).

Prices are calculated using the median of the quotes collected throughout the week and are calculated using the official close of the relevant month on the ICE US Exchange on Friday of each week.  Prices will subsequently be available for publication on the first practical business day following the relevant close.  The switch from one reference trading month to the next reference trading month shall take place upon the expiry of the spot month contract.

All cocoa beans and cocoa products of regular commercial quality, must meet FDA and all other regulatory agencies’ requirements, and must be physically deliverable in truckload quantities, ex dock or ex warehouse U.S. Eastern Seaboard north of Hatteras.    Prices are in U.S. Dollars per metric ton.   All pricing is considered nominal.

The Association will collect differentials for the following cocoa bean(s):

Main Crop Ghana, Grade 1
Main Crop Ivory Coast, Grade 1
Main Crop Nigerian, Grade 1
Sanchez f.a.q.

The Association will collect ratios for the following cocoa product(s):
PPP Natural African-Type Carton Cocoa Butter

The Association will collect outright pricing in U.S. Dollars for the following cocoa product(s):
Cocoa Press Cake - Natural 10/12% Butterfat



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