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Barchart
Barchart
Rich Asplund

Cocoa Rallies on Strength in Global Cocoa Demand

Ice ICCO London NY Commitment of Traders Ivory Coast

May ICE NY cocoa (CCK23) on Friday closed up +84 (+2.72%), and May ICE London cocoa #7 (CAK23) closed up +21 (+0.93%).

Cocoa prices Friday extended their five-week rally, with NY cocoa climbing to a 6-3/4 year high and London cocoa posting a 6-1/2 month high.  Cocoa prices have rallied sharply over the past five weeks on signs of improved cocoa demand and tighter global supplies.  

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