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Barchart
Barchart
Rich Asplund

FORGOTTEN HISTORY: Cocoa prices post moderate losses as concerns about eu regulations ease - Caught on Camera

December ICE NY cocoa (CCZ24) Monday closed down -203 (-2.36%), and December ICE London cocoa #7 (CAZ24) closed down -115 (-1.62%).

Cocoa prices Monday posted moderate losses.  Long liquidation pressured cocoa prices Monday as concerns about EU deforestation regulations eased after the Intercontinental Exchange said it's delaying planned changes in its coffee and cocoa contracts until the end of 2025 due to uncertainty about the European Union's deforestation regulations.  Last Friday, NY cocoa posted a 2-month high, and London cocoa posted a 4-month high due to potential supply concerns after the European Parliament voted to change its deforestation regulations, which could curb the supply of cocoa from countries where deforestation occurs.

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