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Rich Asplund

Cocoa Prices Retreat as Ivory Coast Cocoa Supplies Increase

Ice Ivory Coast the Ivory Coast London ICCO NY

March ICE NY cocoa (CCH25) Monday closed down -113 (-1.24%), and December ICE London cocoa #7 (CAZ24) closed down -95 (-1.22%).

Cocoa prices posted moderate losses on Monday due to increased supplies from the Ivory Coast, the world's largest cocoa producer. Monday's government data showed that Ivory Coast farmers shipped 642,500 MT of cocoa to ports from October 1 to November 24, up +34% from 415,523 MT shipped the same time last year.

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