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Rich Asplund

Cocoa Prices Finish Slightly Higher on Signs of Strong Chocolate Demand

Ice London Cocoa NY Cocoa Ivory Coast CFTC ICCO

March ICE NY cocoa (CCH25) Tuesday closed up +23 (+0.21%), and March ICE London cocoa #7 (CAH25) closed up +10 (+0.11%).

Cocoa prices Tuesday finished a volatile session slightly higher.  Cocoa found support Tuesday after chocolate maker Lindt & Spuengli AG reported that its 2024 organic sales rose +7.80%, stronger than expectations of +7.41%, signaling consumer chocolate demand remains robust despite higher prices.   Also, shrinking global cocoa stockpiles are bullish for prices.  ICE-monitored cocoa inventories held in US ports have been trending lower for the past 1-1/2 years and fell to a 20-year low Tuesday of 1,300,731 bags.

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