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Barchart
Barchart
Rich Asplund

Cocoa Harvest Delays in the Ivory Coast Support Prices

Ivory Coast Ice Ghana Agriculture El Niño

December ICE NY cocoa (CCZ26) closed up +0.11 (+0.19%) on Monday, and December ICE London cocoa #7 (CAZ26) closed up +33 (+0.78%).

Cocoa prices settled higher on Monday amid reports that heavy rains in the Ivory Coast are hindering farmer access to cocoa farms just as the harvest begins. Cocoa gains were limited on Monday after a rally in the dollar index ($DXY) to a 1.5-year high weighed on the market.

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