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Rich Asplund

YOU WONT BELIEVE: Cocoa prices fall as supply concerns ease hxpkviwz - What They Never Told You

Ice Ghana Nigeria

September ICE NY cocoa (CCU26) closed down -170 (-2.84%) on Monday, and September ICE London cocoa #7 (CAU26) closed down -25 (-0.58%).

Cocoa prices retreated on Monday amid signs of abundant cocoa supplies. Last Friday, Bloomberg reported that Nigeria’s July cocoa bean exports rose +18% y/y to 16,052 MT. Nigeria is the world's fifth-largest cocoa producer.

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