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Barchart
Barchart
Rich Asplund

Long Liquidation Weighs on Cocoa Prices as Nigerian Cocoa Exports Jump

Ice Nigeria Ivory Coast StoneX

September ICE NY cocoa (CCU26) today is down -135 (-2.57%), and July ICE London cocoa #7 (CAN26) is down -85 (-2.18%).

Cocoa prices are sharply lower today as signs of larger global supplies sparked long liquidation in cocoa futures. Bloomberg reported today that Nigerian cocoa exports in May rose +28% y/y to 18,034 MT.

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