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Barchart

Rich Asplund

Cocoa Prices Underpinned by Global Supply Woes

Ice NY Ivory Coast ICCO London

May ICE NY cocoa (CCK24) this morning is down -73 (-0.75%), and May ICE London cocoa #7 (CAK24) is up +192 (+2.40%).

Cocoa prices this morning are mixed, with NY cocoa retreating from a new all-time high. NY cocoa posted a new record high today. However, cocoa turned lower as long liquidation pressures emerged when prices failed to stay above $10,000 a ton.

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