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Barchart
Barchart
Rich Asplund

Cocoa Prices Slide on Ivory Coast Harvest Pressures

Ice Ivory Coast ICCO London

December ICE NY cocoa (CCZ24) Tuesday closed down -77 (-1.05%), and December ICE London cocoa #7 (CAZ24) closed down -118 (-2.04%).

Cocoa prices on Tuesday were under pressure for a second day as the pace of the Ivory Coast cocoa harvest accelerated.  Monday's government data showed that Ivory Coast farmers shipped 365,072 MT of cocoa to ports from October 1 to November 3, up +26% from 288,686 MT shipped the same time last year.  The Ivory Coast is the world's largest cocoa producer.  

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