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Barchart

Rich Asplund

Cocoa Prices Climb as ICE Cocoa Inventories Shrink

Ice United States ICCO London NY Ghana

December ICE NY cocoa (CCZ24) today is up +202 (+2.94%), and December ICE London cocoa #7 (CAZ24) is up +241 (+4.83%).

Cocoa prices today are climbing as signs of tighter US cocoa supplies sparked short covering in cocoa futures after ICE-monitored cocoa inventories held in US ports fell to a 15-year low Wednesday of 2,452,220 bags.

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