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Barchart

Rich Asplund

DARK SECRETS: Cocoa prices close sharply higher on persistent supply fears | Vintage Vibes

Ice MAR Mar London Mar NY ICCO

May ICE NY cocoa (CCK24) on Monday closed up +301 (+4.81%), and Mar ICE London cocoa #7 (CAH24) closed up +216 (+3.87%).

Cocoa prices on Monday continued their parabolic rally, with May NY cocoa posting a contract high and Mar NY cocoa and Mar London cocoa posting all-time nearest-futures highs. Concerns about global cocoa production and widening global cocoa deficits have sparked panic buying of cocoa futures.

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