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Rich Asplund

Cocoa Prices Soar on Excessive West African Rains

Ice West Africa London NY Ivory Coast StoneX

September ICE NY cocoa (CCU26) on Monday closed up +658 (+13.07%), and September ICE London cocoa #7 (CAU26) closed up +460 (+12.23%).

Cocoa prices rallied sharply on Monday, with NY cocoa posting a 5.75-month high and London cocoa posting a 6-month high, as concerns about West African weather have fueled expectations of tighter supplies next season.

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