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Barchart
Rich Asplund

Cocoa Prices Sharply Lower on the Outlook for Adequate Supplies

Ice Donald Trump Lutnick Commerce ICCO Ivory Coast United States Ghana London NY

September ICE NY cocoa (CCU25) on Friday closed down -274 (-3.22%), and September ICE London cocoa #7 (CAU25) closed down -165 (-2.92%).

Cocoa prices settled sharply lower Friday as supply concerns eased on speculation that cocoa will be exempt from President Trump's tariffs.  US Commerce Secretary Lutnick noted earlier this week that goods not produced in the US could be exempted from tariffs.  

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