FCIA Fine Chocolate Glossary

Metric Ton (MT)

A unit of mass measurement in the metric system. One metric ton is equivalent to 1000 kilograms (metric system), or 2204.62 pounds (imperial system). Metric ton is generally abbreviated to MT.

The metric ton is the standard unit of measurement for the world market price or futures price for cocoa. That is, the trading price for cocoa applies to one metric ton of beans.

For an illustration, see the ICCO reference below, where the organization’s home page lists daily cocoa prices by MT.

This is different to coffee, for example, whose trading price applies to one pound of beans.

On the New York Mercantile Exchange, cocoa contracts are each denominated in ten metric tons of beans.

Próximamente versión en español

Entry added: September 14, 2022
Verified on: September 14, 2023

Authored by

Kristy Leissle, Scholar & Author, Cocoa & Chocolate Industries


Cocoa,” Trading Economics, Accessed September 14, 2022

Coffee,” Trading Economics, Accessed September 14, 2022

Cocoa Daily Prices,” International Cocoa Organization (ICCO), Accessed September 14, 2022

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