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Rich Asplund

Cocoa Prices Fall Back as ICE Inventories Rebound

Ice ICCO London Hershey Mondelez

May ICE NY cocoa (CCK25) today is down -122 (-1.45%), and May ICE London cocoa #7 (CAK25) is down  -151 (-2.31%).

Cocoa prices today are lower on a recovery in cocoa inventories.  Since falling to a 21-year low of 1,263,493 bags on January 24,  ICE-monitored cocoa inventories held in US ports have rebounded and climbed to a 3-1/4 month high of 1,530,893 bags on Monday.  

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