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Rich Asplund

Cocoa Prices Supported by Resilient Chocolate Demand

Ice London the Ivory Coast Ghana ICCO StoneX

July ICE NY cocoa (CCN26) on Friday closed up +27 (+0.76%), and July ICE London cocoa #7 (CAN26) closed up +20 (+0.75%).

Cocoa prices settled higher on Friday, with London cocoa posting a 2.5-month high on carryover support from Thursday amid signs that consumer demand for chocolate is holding up. Better-than-earnings results this week from top chocolate makers Hershey and Mondelez International show consumer chocolate demand remains steady despite high prices.

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