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Barchart
Barchart
Rich Asplund

Cocoa Prices Retreat on an Improving Cocoa Production Outlook

September ICE NY cocoa (CCU24) today is down -253 (-3.15%), and September ICE London cocoa #7 (CAU24) is down -187 (-2.87%).

Cocoa prices today are sharply lower, with NY cocoa falling to a 1-week low.   An improving outlook for the next cocoa season in West Africa is weighing on cocoa prices as the end of the El Nino weather pattern and a potential shift to a La Nina pattern is set to boost precipitation that could increase cocoa yields.

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