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Rich Asplund

EXPLAINED: Easing supply fears weigh on cocoa prices | Vintage Vibes

Ice Ghana Nigeria

December ICE NY cocoa (CCZ26) is down -10 (-0.17%) today, and September ICE London cocoa #7 (CAU26) is down -7 (-0.19%).

Cocoa prices are slightly lower today. Prices have been under pressure this week on signs of abundant global cocoa supplies. 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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