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Barchart
Rich Asplund

Cocoa Prices Retreat After ICCO Cuts its 2022/23 GLobl Cocoa Deficit Estimate

Ice ICCO Deficit the International Cocoa Organization United States Ghana London

March ICE NY cocoa (CCH24) on Friday closed -76 (-1.78%), and Dec ICE London cocoa #7 (CAZ23) closed -79 (-2.21%).

On Friday, cocoa prices retreated after the International Cocoa Organization (ICCO) cut its 2022/23 global cocoa deficit estimate to -99,000 MT from a previous forecast of -116,000, citing weaker global demand.  

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