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Barchart
Rich Asplund

Cocoa Prices Rebound on Concern Recent Losses Were Too Excessive

Ice Ivory Coast London NY

July ICE NY cocoa (CCN24) today is up +143 (+1.98%), and July ICE London cocoa #7 (CAN24) is up +97 (+1.62%).

Cocoa prices today are moderately higher on concerns that recent losses have been excessive.  Short covering in cocoa futures emerged today after the Hightower Report warned that West African cocoa farmers' lack of fertilizer and pesticide use will hurt output during the 2024/25 season.  

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