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Barchart
Barchart
Rich Asplund

Cocoa Prices Give Up Early Gains as Nigerian Cocoa Exports Increase

Ice Nigeria Ivory Coast ICCO

July ICE NY cocoa (CCN24) this morning is down -451 (-4.09%), and May ICE London cocoa #7 (CAK24) is down -202 (-2.06%).

Cocoa prices today gave up an early advance and fell sharply on an increase in cocoa supplies.  Nigeria, the world's fifth largest cocoa producer, reported today that its Mar cocoa exports rose +19% y/y to 22,199 MT.

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