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Rich Asplund

UNBELIEVABLE: Cocoa prices supported by tighter global supplies | History Defined

Ice London NY Ghana ICCO

December ICE NY cocoa (CCZ24) Thursday closed up +167 (+2.10%), and December ICE London cocoa #7 (CAZ24) closed up +21 (+0.40%).

Cocoa prices posted moderate gains on Thursday, with NY cocoa climbing to a 2-week nearest-futures high and London cocoa climbing to a 1-month high.  ICE-monitored cocoa inventories held in US ports have been trending lower for the past 15 months and fell to a 15-year low Thursday of 2,135,872 bags.

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