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Rich Asplund

Cocoa Prices Recover as Ivory Coast Cocoa Deliveries Slow

Ice Ivory Coast ICCO London

December ICE NY cocoa (CCZ25) today is up +62 (+1.03%), and December ICE London cocoa #7 (CAZ25) is up +18 (+0.42%).

Cocoa prices recovered from 1.5-week lows today and moved higher on signs of a slowdown in cocoa exports from the Ivory Coast, the world's largest cocoa producer. Today's government data showed that Ivory Coast farmers shipped 411,979 MT of cocoa to ports this new marketing year, from October 1 through November 8, down -9% from 454,624 MT in the same period a year ago.

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