
March ICE NY cocoa (CCH24) on Tuesday closed +24 (+0.57%), and Mar ICE London cocoa #7 (CAH24) closed +30 (+0.85%).
Cocoa prices on Tuesday closed higher on continued supply concerns. The Ivory Coast's regulator last Friday halted forward sales for the 2023-24 Ivory Coast mid crop, which starts April 1, 2024, so the nation's production forecast can be reviewed. The halt adds to the tumult of the region's cocoa supplies, and the impact could multiply if the halt is prolonged into the next season.