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Rich Asplund

Cocoa Prices Rebound on Smaller Ivory Coast Deliveries

Cocoa Ivory Coast Ice Ghana London NY Agriculture

December ICE NY cocoa (CCZ26) closed up +42 (+0.74%) on Monday, and December ICE London cocoa #7 (CAZ26) closed up +32 (+0.76%).

Cocoa prices recovered from early losses on Monday and settled higher amid signs of smaller cocoa supplies from the Ivory Coast. Data from the Ivory Coast government showed farmers delivered 78,212 MT of cocoa to ports this marketing season (Oct 1 through Oct 18), down -41% from 133,209 MT delivered the same time last year.

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