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

Ivory Coast Mid-Crop Concerns Underpin Cocoa Prices

July ICE NY cocoa (CCN25) Wednesday closed up +273 (+3.06%), and July ICE London cocoa #7 (CAN25) closed up +252 (+3.91%).

Cocoa prices on Wednesday added to Tuesday's sharp gains, with NY cocoa posting a 1-week high and London cocoa posting a 1-month high. Coffee prices rallied on auality concerns regarding the Ivory Coast mid-crop, which is currently being harvested.  Cocoa processors are complaining about the crop's quality and have rejected truckloads of Ivory Coast cocoa beans.  Processors said about 5% to 6% of the mid-crop cocoa in each truckload is poor quality, compared with 1% during the main crop.

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.