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Barchart
Rich Asplund

NY Cocoa Settles Higher as ICE Inventories Shrink

Ice NY ICCO London Ivory Coast

Dec ICE NY cocoa (CCZ23) on Wednesday closed +4 (+0.11%), and Dec ICE London cocoa #7 (CAZ23) closed -6 (-0.19%).

Cocoa prices on Wednesday settled mixed, with NY cocoa posting a 1-month high.  Tight supplies boosted NY cocoa as ICE-monitored cocoa inventories held in U.S. ports have declined steadily over the past four months to a 1-1/2 year low Wednesday.  

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