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Barchart
Rich Asplund

Cocoa Prices Slip as ICE Cocoa Inventories Increase

Ice ICCO Ivory Coast London NY

July ICE NY cocoa (CCN23) on Monday closed down -6 (-0.20%), and July ICE London cocoa #7 (CAK23) closed down -12 (-0.53%).

Cocoa prices Monday posted modest losses as they consolidated recent gains.  An increase in cocoa inventories weighed on prices after ICE-monitored cocoa inventories held in U.S. port warehouses Monday rose to a 7-1/2 month high of 5,677,125 bags.  Also, ICE-monitored cocoa inventories held in European port warehouses last Friday rose to a 7-3/4 month high of 144,430 MT.

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