Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Rich Asplund

Cocoa Prices Surge as Global Supply Concerns Persist

March ICE NY cocoa (CCH25) Thursday closed up +452 (+4.81%), and March ICE London cocoa #7 (CAH25) closed up +280 (+3.70%).

Cocoa prices Thursday settled sharply higher, with Mar NY cocoa and Mar London cocoa posting contract highs.  Also, nearest-futures (Z24) NY cocoa posted a 2-3/4 month high, and nearest-futures (Z24) London cocoa posted a 4-1/2 month high.  Cocoa prices are soaring after weather forecaster Maxar Technologies said Wednesday that dry conditions in West Africa would help the current harvest of the main cocoa crop but will hurt the early development of the mid-year cocoa crop harvested in April.  

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.