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Rich Asplund

Cocoa Prices Settle Mixed on Currency Fluctuations

Ice ICCO NY London European Union the International Cocoa Organization

March ICE NY cocoa (CCH26) on Friday closed down -9 (-0.14%), and March ICE London cocoa #7 (CAH26) closed up +58 (+1.29%).

Cocoa prices settled mixed on Friday, consolidating this week's gains. NY cocoa was under pressure Friday due to a stronger dollar (DXY00), while London cocoa moved higher amid weakness in the British pound (^GBPUSD). The weaker pound boosts cocoa priced in terms of sterling.

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