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Barchart
Rich Asplund

Cocoa Prices Soar as President Trump's Tariffs Remain

Donald Trump Ice ICCO Ivory Coast London NY Ghana

July ICE NY cocoa (CCN25) Friday closed up +681 (+7.48%), and July ICE London cocoa #7 (CAN25) closed up +340 (+5.48%).

Cocoa prices soared on Friday as fund short-covering emerged after a federal appeals court on Thursday granted President Trump a temporary reprieve from a ruling threatening to curb his sweeping tariff agenda, which means the cost of cocoa beans in the US will continue to stay higher relative to other regions.

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