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Rich Asplund

Cocoa Prices Firm on Quality Concerns of Ivory Coast Cocoa Crops

Ice Ivory Coast ICCO NY London

July ICE NY cocoa (CCN23) on Monday closed up +30 (+0.99%), and July ICE London cocoa #7 (CAK23) closed up +20 (+0.85%).

Cocoa prices Monday closed higher, with NY cocoa posting a 2-week high. Cocoa has been trading sideways over the past two weeks as prices consolidate below the 6-3/4 year high posted on May 22.

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