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Rich Asplund

Cocoa Prices Climb as Excessive Ivory Coast Rains Slow Cocoa Deliveries

Ice Ivory Coast Ghana Ghana Cocoa Board London

December ICE NY cocoa (CCZ26) is up +185 (+3.26%) today, and December ICE London cocoa #7 (CAZ26) is up +125 (+2.95%).

Cocoa prices are sharply higher for the second session today and posted 2-week highs on supply concerns. Excessive rainfall in the Ivory Coast has cut off roads and damaged bridges, slowing cocoa deliveries to ports.

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