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Barchart
Barchart
Rich Asplund

HISTORICAL FACTS: Lingering supply concerns lift cocoa prices - The Untold Story

May ICE NY cocoa (CCK25) Wednesday closed up +425 (+4.83%), and May ICE London cocoa #7 (CAK25) closed up +350 (+4.93%).

Cocoa prices Wednesday rebounded higher for a second session on lingering supply concerns after the plunge seen on Monday and last Friday to 3-1/4 month lows, which was driven by worries about cocoa demand and recent rain in the Ivory Coast and Ghana.

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