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Barchart
Rich Asplund

Cocoa Prices Pressured as Supply Concerns Ease

Ice ICCO London NY Ivory Coast Ghana

September ICE NY cocoa (CCU25) today is -49 (-0.60%), and September ICE London cocoa #7 (CAU25) is down -111 (-2.02%).

Cocoa prices are sliding today, with NY cocoa posting a 2-week low and London cocoa posting a 1-week low.  Cocoa prices are under pressure on speculation that cocoa will be exempt from President Trump's tariffs, which would ease supply concerns.  US Commerce Secretary Lutnick noted last week that goods not produced in the US could be exempted from tariffs.  

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