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Barchart
Barchart
Rich Asplund

BIZARRE: Cocoa prices retreat as eu regulation concerns ease - You Need To See This

December ICE NY cocoa (CCZ24) today is down -283 (-3.29%), and December ICE London cocoa #7 (CAZ24) is down -136 (-1.91%).

Cocoa prices today are moderately lower.  Long liquidation pressures cocoa prices today 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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