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Barchart
Rich Asplund

Cocoa Prices Settle Higher on Smaller Ivory Coast Cocoa Deliveries

Ice Ivory Coast ICCO London NY

December ICE NY cocoa (CCZ25) on Monday closed up +89 (+1.48%), and December ICE London cocoa #7 (CAZ25) closed up +36 (+0.83%).

Cocoa prices recovered from 1.5-week lows on Monday and settled higher on signs of a slowdown in cocoa exports from the Ivory Coast, the world's largest cocoa producer.  Monday's government data showed that Ivory Coast farmers shipped 411,979 MT of cocoa to ports this new marketing year, from October 1 through November 8, down -9% from 454,624 MT in the same period a year ago.

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