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Barchart
Barchart
Rich Asplund

Rising ICE Inventories and Demand Fears Undercut Cocoa Prices

Ice Ivory Coast Ghana Ghana Cocoa Board

December ICE NY cocoa (CCZ26) is down -149 (-2.61%) today, and December ICE London cocoa #7 (CAZ26) is down -85 (-2.01%).

Cocoa prices are sharply lower for a second day today, pressured by rising ICE cocoa inventories. ICE cocoa inventories rose to a 2.25-year high of 3,538,981 bags on Tuesday.

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