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Barchart
Barchart
Rich Asplund

Cocoa Prices Retreat as Global Supplies Improve

Ice Ghana Nigeria

September ICE NY cocoa (CCU26) closed down -98 (-1.61%) on Friday, and September ICE London cocoa #7 (CAU26) closed down -10 (-0.23%).

Cocoa prices settled lower on Friday amid signs of larger global supplies after Bloomberg reported that Nigeria’s July cocoa bean exports rose +18% y/y to 16,052 MT. Nigeria is the world's fifth-largest cocoa producer.

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