Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Rich Asplund

THE TRUTH ABOUT: Ny cocoa prices gain as supplies tighten - The Untold Story

September ICE NY cocoa (CCU25) today is up +197 (+2.33%), and September ICE London cocoa #7 (CAU25) is down -38 (-0.69%).

Cocoa prices today are mixed, with NY cocoa climbing to a 5-week high.  NY cocoa found support today on signs of tighter supplies after ICE-monitored cocoa inventories held in US ports fell to a 1-month low Wednesday of 2,298,448 bags.   However, London cocoa is under pressure due to strength in the British pound (^GBPUSD), which rallied to a 1.5-week today, undercutting cocoa that is priced in terms of sterling.  

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.