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Barchart
Barchart
Rich Asplund

HISTORICAL FACTS: Modest short covering boosts cocoa prices - Caught on Camera

Ice NY ICCO London Ghana

December ICE NY cocoa (CCZ25) on Monday closed up +4 (+0.07%), and December ICE London cocoa #7 (CAZ25) closed down -7 (-0.17%).

Cocoa prices settled mixed on Monday.  Prices recovered from their worst levels Monday, with NY cocoa climbing into positive territory, as short covering emerged on signs of a slowdown in the pace of cocoa exports from the Ivory Coast, the world's largest cocoa producer.  Monday's government data showed that Ivory Coast farmers shipped 133,209 MT of cocoa to ports this new marketing year from October 1 through October 19, down -31% compared with 192,804 MT in the same period a year ago.

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