Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Rich Asplund

FOUND: Cocoa prices tumble as the supply outlook improves | Mind Blowing Facts

May ICE NY cocoa (CCK25) today is down -374 (-4.63%), and May ICE London cocoa #7 (CAK25) is down -233 (3.74%).

Cocoa prices today tumbled to 4-1/4 month lows.  Cocoa prices have been on the defensive over the past five weeks on an improving supply outlook.  On February 28,  the International Cocoa Organization (ICCO) forecasted a global cocoa surplus of 142,000 MT for 2024/25, the first surplus in 4 years.  ICCO also projected that 2024/25 global cocoa production will rise +7.8% y/y to 4.84 MMT.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.