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Rich Asplund

NY Cocoa Settles Lower as Ivory Coast Cocoa Production Increases

Ice Ivory Coast London Mar London Mar NY ICCO

March ICE NY cocoa (CCH25) Monday closed down -23 (-0.24%), and March ICE London cocoa #7 (CAH25) closed up +30 (+0.39%).

Cocoa prices Monday settled mixed, with Mar London cocoa posting a contract high and Dec London cocoa posting a 4-1/2 month nearest-futures high.  Mar NY cocoa fell back from a contract high and turned lower on increased supplies from the Ivory Coast, the world's largest cocoa producer.   Government data Monday showed that Ivory Coast farmers shipped 734,026 MT of cocoa to ports from October 1 to December 1, up +34.6% from 545,164 MT shipped the same time last year.

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