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Barchart
Rich Asplund

SHOCKING: Cocoa prices supported by a slowdown in ivory coast cocoa exports - What They Never Told You

Ice Ivory Coast ICCO Ghana London NY

July ICE NY cocoa (CCN25) today is up +294 (+3.10%), and July ICE London cocoa #7 (CAN25) is up +131 (+2.07%).

Cocoa prices are climbing today due to the slowing pace of Ivory Coast cocoa exports, signaling tighter future cocoa supplies.  Monday's government data showed that Ivory Coast farmers shipped 1.6 MMT of cocoa to ports this marketing year from October 1 to June 1, up +6.7% from last year but down from the much larger +35% increase seen in December.

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