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Rich Asplund

YOU WONT BELIEVE: Cocoa prices jump on supply fears - You Need To See This

Ice ICCO Ivory Coast London NY Ghana

September ICE NY cocoa (CCU25) on Tuesday closed up +261 (+3.22%), and September ICE London cocoa #7 (CAU25) closed up +169 (+3.14%).

Cocoa prices settled sharply higher Tuesday on concern that the slowdown in the pace of Ivory Coast cocoa exports could tighten global supplies. Monday's government data showed that Ivory Coast farmers shipped 1.76 MMT of cocoa to ports this marketing year from October 1 to August 3, up +6% from last year but down from the much larger +35% increase seen in December.

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