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Barchart
Barchart
Rich Asplund

Cocoa Prices Continue Their Parabolic Rally as Supply Concerns Persist

Ice Ivory Coast ICCO

May ICE NY cocoa (CCK24) this morning is up +210 (+2.52%), and May ICE London cocoa #7 (CAK24) is up +213 (+3.07%).

Cocoa prices this morning soared to new all-time highs as global supply concerns persist.  Global cocoa grinders are paying up in the cash market to secure supplies this year due to growing concerns that West African cocoa suppliers may default on supply contracts.    

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