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Rich Asplund

Cocoa Prices Strengthen as ICE Cocoa Inventories Continue to Shrink

Ice Ghana ICCO NY United States

December ICE NY cocoa (CCZ24) today is up +165 (+2.17%), and December ICE London cocoa #7 (CAZ24) is up +115 (+2.18%).

Cocoa prices today are moderately higher as cocoa inventories continue to shrink. ICE-monitored cocoa inventories held in US ports have been trending lower for the past 15 months and fell to a 15-year low Tuesday of 2,262,215 bags.

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