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Barchart
Rich Asplund

Cocoa Prices Finish Mixed After Posting New All-Time Highs

Ice NY London Ivory Coast

May ICE NY cocoa (CCK24) on Tuesday closed down -171 (-1.69%), and May ICE London cocoa #7 (CAK24) closed up +108 (+1.30%).

Cocoa prices on Tuesday settled mixed.  NY cocoa and London cocoa posted new all-time highs Tuesday on continued concern about shrinking global cocoa supplies, but some profit-taking then emerged to knock NY cocoa prices into negative territory.  Meanwhile, London cocoa reopened after Monday's European Easter holiday and played catch up to Monday's sharp rally in NY cocoa prices.

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