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Barchart
Barchart
Rich Asplund

Cocoa Prices Post Moderate Losses on Larger Nigerian Cocoa Exports

Ice Nigeria Ivory Coast ICCO London

July ICE NY cocoa (CCN24) on Thursday closed down -213 (-1.93%), and May ICE London cocoa #7 (CAK24) closed down -174 (-1.78%).

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

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