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Barchart
Barchart
Rich Asplund

EXPLAINED: Cocoa sees support from tight global supplies | Rare Historical Photos

Ice Ivory Coast London Cocoa NY Cocoa London CFTC Deficit Ghana ICCO Maxar Technologies

March ICE NY cocoa (CCH25) Monday closed up +15 (+0.14%), and March ICE London cocoa #7 (CAH25) closed up +54 (+0.63%).

Cocoa prices Monday posted mild gains on concern that slowing Ivory Coast cocoa exports will tighten global supplies.  While government data Monday showed Ivory Coast farmers shipped 1.29 MMT of cocoa to ports so far this marketing year, up more than +22% from last year, the pace has narrowed from the 35% rise seen in December.

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