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Barchart
Barchart
Rich Asplund

SHOCKING: Cocoa prices rally as volatility continues - You Need To See This

Ghana Ivory Coast ICCO

September ICE NY cocoa (CCU24) is up +231 (+2.96%), and September ICE London cocoa #7 (CAU24) is up +120 (+1.88%).

Cocoa prices today are trading sharply higher as volatility continues in summer trading.  Cocoa prices on Monday rallied sharply on concern about Ghana's plan to ration cocoa supplies for the new marketing season due to doubts about a recovery in the size of Ghana's cocoa crop.  Ghana is the world's second-largest cocoa producer.  However, cocoa prices then fell back mid-week due to concern about demand after chocolate maker Lindt & Spruengli AG on Tuesday warned of lower chocolate demand due to high prices.

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