Dec ICE NY cocoa (CCZ23) on Friday closed +46 (+1.26%), and Dec ICE London cocoa #7 (CAZ23) closed +49 (+1.52%).
Cocoa prices Friday recovered from early losses and moved higher, with NY cocoa climbing to a 1-month high and London cocoa climbing to a new all-time high. Tight inventories are boosting cocoa prices as ICE-monitored cocoa inventories held in U.S. ports have declined steadily over the past four months to a 1-1/2 year low Friday.
