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Barchart
Barchart
Rich Asplund

Cocoa Prices Rally as the Pace of Ivory Coast Cocoa Exports Slows

September ICE NY cocoa (CCU25) today is up +272 (+3.49%), and September ICE London cocoa #7 (CAU25) is up +192 (+3.80%).

Cocoa prices are sharply higher today for a second session.  The slower pace of cocoa exports from the Ivory Coast is a supportive factor for prices.  Today's government data showed that Ivory Coast farmers shipped 1.74 MMT of cocoa to ports this marketing year from October 1 to July 20, up +6.1% from last year but down from the much larger +35% increase seen in December.

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