The effects of moisture content and alkali treatment on cocoa butter extraction using supercritical fluid were studied. Ground cocoa nibs were examined at moisture contents of 1.95 %, 3.91 %, 5.87 %, 9.79 % and 17.64 % and the pH of the cocoa liquor was maintained at 5.0-5.9, 6.8-7.2 and 7.5-7.9. Cocoa butter was successfully extracted, using supercritical carbon dioxide (SC-CO) for the moisture content study and SC-CO with 25 % ethanol as a cosolvent for the pH-level alkali treatment study, at 35 MPa, 60 °C and 2 ml/min. The results showed that increases in moisture content and pH level significantly ( p < 0.05) increase the yield efficiency. A moisture content of 9.79 % and pH-alkali treatment at 7.5-7.9 produced the highest yield (60.36 % and 73.70 % at 20 and 18 h extraction time, respectively). Triglycerides (TG) and fatty acids (FAs) were similar to those found in cocoa butter obtained using the Soxhlet method. Saturated and short-chain TG and FA constituents were more soluble than unsaturated and long-chain constituents. [ABSTRACT FROM AUTHOR]