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Barchart
Rich Asplund

Cocoa Prices Rebound on Strong North American Cocoa Demand

Ice the National Confectioners Association Ivory Coast London NY StoneX

September ICE NY cocoa (CCU26) today is up +183 (+3.41%), and September ICE London cocoa #7 (CAU26) is up +124 (+3.12%).

Cocoa prices are sharply higher today as short covering emerged after North American Q2 cocoa grindings unexpectedly increased. The National Confectioners Association reported late Thursday that Q2 North American cocoa grindings unexpectedly rose +7.7% y/y to 109,659 MT, well above expectations of a -1% y/y decline, easing cocoa demand fears.

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