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Rich Asplund

NY Cocoa Falls to a 1-Week Low on Higher Ivory Coast Cocoa Production

COCOA Ice NY Ivory Coast London ICCO

December ICE NY cocoa (CCZ24) today is down -69 (-0.93%), and December ICE London cocoa #7 (CAZ24) is up +24 (+0.43%).

Cocoa prices today are mixed, with NY cocoa posting a fresh 1-week low. An increase in Ivory Coast cocoa production is bearish for prices after government data today showed that Ivory Coast farmers shipped 192,804 MT of cocoa to ports from October 1 to October 20, up +12.9% from 170,794 MT shipped the same time last year. The Ivory Coast is the world's largest cocoa producer.

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