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Rich Asplund

Cocoa Prices Sharply Higher on Commodity Index Inclusion

Ice United States ICCO BCom London

December ICE NY cocoa (CCZ25) on Friday closed up +93 (+1.54%), and December ICE London cocoa #7 (CAZ25) closed up +84 (+1.94%).

Cocoa prices rallied sharply on Friday after the administrator of the Bloomberg Commodity Index (BCOM) said the commodity will be included in the index for the first time in 2 decades, beginning in January. Assets tracking the BCOM index totaled almost $109 billion at the end of 2024, suggesting cocoa's 1.7% weighting in the index could spur significant inflows into the market from passive funds that track it. According to Peak Trading Research LLC, "Funds will have to buy about $1.9 billion in cocoa futures over the next 80 days."

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