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Barchart
Barchart
Rich Asplund

Supply Concerns Push Cocoa Prices to New Record Highs

Ice United States Ivory Coast NY

May ICE NY cocoa (CCK24) on Monday closed up +14 (+0.13%), and May ICE London cocoa #7 (CAK24) closed up +191 (+2.13%).

Cocoa prices Monday extended this year's parabolic rally to new all-time highs.  Concern that global cocoa supplies will continue to shrink in the coming months is pushing prices to new record highs.   NY cocoa fell back from its best levels Monday after the dollar index (DXY00) rallied to a 5-1/4 month high.  

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