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Barchart
Rich Asplund

Cocoa Prices Rise as Ivory Coast Rains Slow Cocoa Deliveries

Ice Ivory Coast Ghana Ghana Cocoa Board London

December ICE NY cocoa (CCZ26) is up +52 (+0.93%) today, and December ICE London cocoa #7 (CAZ26) is up +48 (+1.15%).

Cocoa prices recovered from early losses today and turned higher on forecasts of continued rains in the Ivory Coast. On Monday, cocoa prices rallied to 2-week highs on supply concerns amid reports that excessive rainfall in the Ivory Coast has cut off roads and damaged bridges, slowing cocoa deliveries to ports.

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