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Rich Asplund

Signs of Tight Global Supplies Boost Cocoa Prices

Ice ICCO Ghana NY United States

December ICE NY cocoa (CCZ24) today is up +142 (+2.06%), and December ICE London cocoa #7 (CAZ24) is up +86 (+1.71%).

Cocoa prices today are moderately higher on signs that global supplies remain tight. ICE-monitored cocoa inventories held in US ports have been trending lower for the past 15 months and fell to a 15-year low Monday of 2,013,756 bags.

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