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Barchart

Rich Asplund

REVEALED: Cocoa prices settle higher on ongoing supply woes | Rare Historical Photos

Ice Ivory Coast ICCO Mar ICE Mar NY Deficit Ghana

March ICE NY cocoa (CCH24) on Wednesday closed +20 (+0.47%), and Mar ICE London cocoa #7 (CAH24) closed +26 (+0.73%).

Cocoa prices on Wednesday rose moderately, with Mar NY cocoa posting a contract high. Ongoing cocoa supply concerns are underpinning cocoa prices. Monday's data from the Ivory Coast government showed Ivory Coast farmers shipped 671,544 MT of cocoa to ports from October 1-December 17, down -33% from the same time last year. The Ivory Coast is the world's largest cocoa producer.

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