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Rich Asplund

DARK SECRETS: Global supply concerns underpin cocoa prices | Vintage Vibes

Ice ICCO Ivory Coast London NY Ghana

September ICE NY cocoa (CCU25) today is up +276 (+3.41%), and September ICE London cocoa #7 (CAU25) is up +169 (+3.14%).

Cocoa prices are sharply higher today on concern that the slowdown in the pace of Ivory Coast cocoa exports could tighten global supplies. Monday's government data showed that Ivory Coast farmers shipped 1.76 MMT of cocoa to ports this marketing year from October 1 to August 3, up +6% from last year but down from the much larger +35% increase seen in December.

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