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Rich Asplund

DARK SECRETS: Easing supply concerns weigh on cocoa prices | Rare Historical Photos

December ICE NY cocoa (CCZ26) is down -127 (-2.14%) today, and September ICE London cocoa #7 (CAU26) is down -110 (-2.59%).

Cocoa prices are under pressure today, with NY cocoa falling to a 1-week low. Signs of adequate global cocoa supplies are weighing on prices. Last Friday, Bloomberg reported that Nigeria’s July cocoa bean exports rose +18% y/y to 16,052 MT. Nigeria is the world's fifth-largest cocoa producer.

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