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Barchart
Barchart
Rich Asplund

SHOCKING: Uncertainty over global cocoa supplies pushes prices higher | Mind Blowing Facts

Ice United States London NY ICCO Ivory Coast

March ICE NY cocoa (CCH25) today is up +257 (+2.86%), and December ICE London cocoa #7 (CAZ24) is up +185 (+2.41%).

Cocoa prices today are moving higher on uncertainty over future cocoa supplies.  Last Friday, NY cocoa posted a 2-1/2 month high, and London cocoa posted a 4-1/4 month high as recent heavy rains in the Ivory Coast led to reports of high mortality rates of cocoa buds on trees because of the heavy rain.

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