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Barchart
Barchart
Rich Asplund

Cocoa Prices Fall Back on Increased ICE Inventories

July ICE NY cocoa (CCN23) on Thursday closed down -26 (-0.82%), and May ICE London cocoa #7 (CAK23) closed down -9 (-0.40%).

Cocoa prices Thursday closed moderately lower.  A negative factor for cocoa is an increase in current inventories after  ICE-monitored cocoa inventories held in U.S. port warehouses rose to a 3-1/4 month high of 5,430,809 bags on Wednesday.    

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