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Rich Asplund

Cocoa Prices Rebound as North American Cocoa Demand Remains Buoyant

Ice London Cocoa NY Cocoa Ivory Coast CFTC ICCO London

March ICE NY cocoa (CCH25) today is up +713 (+6.79%), and March ICE London cocoa #7 (CAH25) is up +414 (+4.85%).

Cocoa prices today are sharply higher after North American Q4 cocoa grindings fell less than European and Asian Q4 grindings, signaling demand remains buoyant despite high prices. The National Confectioners Association reported that Q4 North American cocoa bean grindings fell -1.2% y/y to 102,761 MT.

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