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Rich Asplund

Cocoa Prices Jump on the Outlook for Global Cocoa Deficits to Persist

Ice ICCO Deficit the International Cocoa Organization London Ivory Coast NY

July ICE NY cocoa (CCN24) today is up +566 (+6.02%), and July ICE London cocoa #7 (CAN24) is up +255 (+3.360%).

Cocoa prices today are sharply higher on concerns that tight global cocoa supplies will persist in the medium-term after the International Cocoa Organization (ICCO) raised its 2023/24 cocoa deficit forecast last Friday.

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