International beverage prices lapsed by 10% quarter-to-quarter in Q3 2025 just before global cocoa and coffee prices recovered. This according to the World Bank (WB)’s beverage price index on December 2, 2025.
The report links the fall to a quarterly supply rally in cocoa and coffee that cooled respective prices against stability in tea.
Since November, however, coffee and cocoa have enhanced unit valuation, rendering the 10% beverage price dip probably short-lived.
Thus, the World Bank expects international beverage prices to up by 18% annually in 2025 but to retreat by 7% in 2026.
The WB further expects beverage rates to down by 5% annually in 2027, signalling production rallies in tropical raw materials.
Among these is coffee, with Arabica bean rates averaging $9 a kg wholesale in November 2025, 35% up year-on-year (y-o-y).
The World Bank projects 2025-26 Arabica supplies at 179 million bags, above 2024-25’s 175.4 million bags. This could bring down 2025 prices by 13%, y-o-y.
Robusta meanwhile could ease pricing in 2026 by 2% annually as production rallies, eating into current wholesale rates of $5/kg (November 2025).
Cocoa Prices Rebound
The same informs cocoa, whose futures in New York finally recovered by 12% weekly on December 2, to $5,550 a tonne.
Beforehand in late November 2025, global rates for raw cocoa beans had bottomed out to a 24-month low.
Although only half 2024 highs, the rebounding rate illustrates the rapid market effect of production shifts.
The International Cocoa Organization (ICCO) on November 28 lowered 2024-25 global output from 4.84 million tonnes to 4.69 million tonnes.
While the down-revision instantly favored market prices, it sent surprise across the board due to some sharp cuts.
The ICCO slashed 2024-25 global cocoa surplus to just 49,000 tonnes from an earlier February 2025’s surplus projection of 142,000 tonnes.
Production leader Ivory Coast is steering the changing face of cocoa prices partly due to a promising 2025-26 season.
Arrivals in Ivorian ports between October 1 and November 30 nevertheless dipped by 2.1% y-o-y, supporting prices for now.
With such production movements in leading global raw material sources, beverage prices will no doubt continue changing. The data section below examines these changes in index terms.
World Beverage Prices Index Statistics
Beverages like coffee, tea and cocoa base their pricing on production and price movements of their respective raw materials. The World Bank, among others, publishes monthly beverage price index to track these changes. In its latest Q3 2025 index on December 2, the WB put the combined index at 10% down quarter-to-quarter. While tea prices stabilized that quarter, those of cocoa and coffee fell.
The index has altered historically as follows, as aggregated from Y Charts :
| Month-and-Year | Index |
| Nov 2025 | 186.10 points |
| Sep 2025 | 200.17 points |
| Feb 2025 | 240.36 points |
| Apr 2024 | 200.79 points |
| Feb 2024 | 139.13 points |
| Nov 2023 | 115.39 points |
| Nov 2022 | 97.50 points |