Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Rich Asplund

Cocoa Prices Jump on Drier Ivory Coast Weather and Tighter Supplies

December ICE NY cocoa (CCZ25) on Wednesday closed up +234 (+3.07%), and September ICE London cocoa #7 (CAU25) closed up +82 (+1.53%).

Cocoa prices settled sharply higher on Wednesday as updated weather forecasts reduced the chances for precipitation in the Ivory Coast over the next week.  Cocoa prices also have support from tighter inventories.  ICE-monitored cocoa inventories held in US ports fell to a 3-month low of 2,177,187 bags on Wednesday.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.