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Rich Asplund

Cocoa Prices Post Moderate Losses as the Ivory Coast Cocoa Harvest Picks Up

Ice Ivory Coast ICCO London NY

December ICE NY cocoa (CCZ24) Monday closed down -13 (-0.18%), and December ICE London cocoa #7 (CAZ24) closed down -80 (-1.36%).

Cocoa prices settled moderately lower on Monday, and they were under pressure as drier conditions in the Ivory Coast allowed farmers to return to their fields and finish the cocoa harvest. NY cocoa recovered from its worst levels Monday after the dollar index (DXY00) tumbled to a 2-week low.

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