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Barchart
Barchart
Rich Asplund

Cocoa Prices Soar to New Record Highs as Supply Concerns Persist

Ice Ivory Coast ICCO

May ICE NY cocoa (CCK24) on Thursday closed up +235 (+2.82%), and May ICE London cocoa #7 (CAK24) closed up +201 (+2.90%).

Cocoa prices on Thursday soared to new all-time highs as global supply concerns persist.  Global cocoa grinders are paying up in the cash market to secure supplies this year due to growing concerns that West African cocoa suppliers may default on supply contracts.    

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