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Barchart
Barchart
Rich Asplund

DARK SECRETS: Cocoa prices sink as current supplies remain adequate - The Real Truth

Ice London Cocoa NY Cocoa Ghana ICCO Ivory Coast London United Kingdom

March ICE NY cocoa (CCH25) today is down -841 (-7.10%), and March ICE London cocoa #7 (CAH25) is not trading with UK markets closed for the Boxing Day holiday.

Cocoa prices today plummeted to a 1-1/2 week low by news of continued high cocoa shipments by farmers in the Ivory Coast, the world's largest producer.  Government data Monday showed that Ivory Coast farmers shipped 970,945 MT of cocoa to ports from October 1 to December 15, up +30% from 744,967 MT shipped the same time last year.

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