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Barchart

Rich Asplund

FOUND: Cocoa prices rebound as rabobank projects a global cocoa deficit - You Need To See This

Ice Rabobank Deficit ICCO Ghana London NY

March ICE NY cocoa (CCH24) on Wednesday closed +20 (+0.49%), and Mar ICE London cocoa #7 (CAH24) closed +2 (+0.06%).

Cocoa prices recovered from early losses Wednesday and closed higher after Rabobank projected a 2023/24 global cocoa deficit of -160,000 MT due to output declines in the Ivory Coast and Ghana.

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