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Rich Asplund

Cocoa Retreats as Ivory Coast Resumes Some Forward Cocoa Sales

Ice Ivory Coast ICCO Ghana the Ivory Coast London

September ICE NY cocoa (CCU24) Friday closed down -269 (-3.13%), and September ICE London cocoa #7 (CAU24) closed down -202 (-2.87%).

Cocoa prices Friday retreated after the Ivory Coast cocoa regulator said Thursday it had resumed some forward sales for the 2024/25 cocoa crop to buyers with domestic processing plants.  Due to production concerns, the Ivory Coast halted forward sales of the 2024/25 Ivory Coast cocoa crop six months ago.

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