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Rich Asplund

Cocoa Prices Climb on Reports Heavy Rains Damaged Ivory Coast Cocoa Trees

Ice Ivory Coast London ICCO NY the Ivory Coast

December ICE NY cocoa (CCZ24) today is up +183 (+2.19%), and December ICE London cocoa #7 (CAZ24) is up +137 (+1.90%).

Cocoa prices today are moderately higher, with London cocoa posting a 4-month nearest-futures high. Cocoa is climbing due to the impact of recent heavy rains in the Ivory Coast on reports of high mortality rates of cocoa buds on trees because of the heavy rain.

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