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Barchart
Rich Asplund

Cocoa Prices Underpinned by Poor Quality of Ivory Coast Mid-Crop

Ice Ivory Coast ICCO the Ivory Coast London NY

July ICE NY cocoa (CCN23) on Wednesday closed up +5 (+0.17%), and July ICE London cocoa #7 (CAK23) closed up +10 (+0.44%).

Cocoa prices Wednesday posted modest gains and remained supported by the disappointing results for the Ivory Coast mid-crop.  Farmers have reported poor cocoa quality, with cocoa bean counts averaging 120 for every 100 grams.  Exporters prefer counts of 80 to 100 for every 100 grams, with the best cocoa quality having the lower bean count.

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