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Rich Asplund

Cocoa Prices Rally to New Record Highs on Shrinking Global Supplies

Ice London NY Ivory Coast ICCO

May ICE NY cocoa (CCK24) this morning is up +60 (+0.62%), and May ICE London cocoa #7 (CAK24) is up +137 (+1.67%).

Cocoa prices extended their parabolic rally today, with NY cocoa and London cocoa posting new all-time highs. Cocoa prices fell back from their best levels as today's rebound in the dollar sparked some long liquidation pressures.

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