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Barchart
Barchart
Rich Asplund

Cocoa Prices Climb on Dwindling Supplies

Dec ICE NY cocoa (CCZ23) on Friday closed +46 (+1.26%), and Dec ICE London cocoa #7 (CAZ23) closed +49 (+1.52%).

Cocoa prices Friday recovered from early losses and moved higher, with NY cocoa climbing to a 1-month high and London cocoa climbing to a new all-time high.  Tight inventories are boosting cocoa prices as ICE-monitored cocoa inventories held in U.S. ports have declined steadily over the past four months to a 1-1/2 year low Friday.

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