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Rich Asplund

Slowing Ivory Coast Cocoa Exports Underpin Prices

Ice Ivory Coast ICCO London Ghana NY

July ICE NY cocoa (CCN25) today is up +87 (+0.80%), and July ICE London cocoa #7 (CAN25) is down -56 (-0.72%).

Cocoa prices today are mixed.  Supply concerns are supporting cocoa prices as the pace of Ivory Coast cocoa exports has slowed.  Today's government data showed that Ivory Coast farmers shipped 1.58 MMT of cocoa to ports this marketing year from October 1 to May 18, up +10.5% from last year but down from the much larger +35% increase seen in December.

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