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Barchart
Rich Asplund

Cocoa Prices Surge as Global Supplies Shrink

Ice Mar London ICCO Ivory Coast

March ICE NY cocoa (CCH25) today is up +479 (+4.75%), and March ICE London cocoa #7 (CAH25) is up +327 (+4.04%).

Cocoa prices today are sharply higher as they extend their six-week rally.  Mar NY cocoa and Mar London cocoa posted fresh contract highs, while the Dec NY nearest-futures contract (Z24) cocoa posted a 6-month high.

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