March ICE NY cocoa (CCH25) on Tuesday closed up +142 (+1.40%), and March ICE London cocoa #7 (CAH25) closed down -23 (-0.29%).
NY cocoa prices closed higher on Tuesday on continued West African cocoa crop concerns. Cocoa farmers in the Ivory Coast are reporting that the mid-crop harvest prospects look poor due to the long dry season. Forecaster Maxar Technologies said this year's seasonal Harmattan winds are the driest in six years, worsening crop conditions.
