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Barchart
Barchart
Rich Asplund

Cocoa Prices Fall as Ivory Coast Cocoa Harvest Gathers Pace

Ice Ivory Coast ICCO London

December ICE NY cocoa (CCZ24) today is down -87 (-1.19%), and December ICE London cocoa #7 (CAZ24) is down -71 (-1.21%).

Cocoa prices today are under pressure and are posting moderate losses as drier conditions in the Ivory Coast have allowed farmers to return to their fields and finish the cocoa harvest.  An increase in supplies from the Ivory Coat cocoa harvest is weighing on prices.  Today's government data showed that Ivory Coast farmers shipped 365,072 MT of cocoa to ports from October 1 to November 3, up +26% from 288,686 MT shipped the same time last year.  The Ivory Coast is the world's largest cocoa producer.  

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