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Rich Asplund

YOU WONT BELIEVE: Cocoa prices push higher on tight global supplies - What They Never Told You

Ice United States ICCO Ghana NY

December ICE NY cocoa (CCZ24) Tuesday closed up +142 (+2.06%), and December ICE London cocoa #7 (CAZ24) closed up +89 (+1.77%).

Cocoa prices Tuesday rallied on signs that global supplies remain tight. ICE-monitored cocoa inventories held in US ports have been trending lower for the past 15 months and fell to a 15-year low Tuesday of 1,998,398 bags.

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