The Latest Breaking News from ICCO

Cocoa Closes Sharply Higher as Prices Recover Some of Last Week's Plunge

July ICE NY cocoa (CCN24 ) on Tuesday closed up +1,022 (+13.47%), and July ICE London cocoa #7 (CAN24 ) closed up +579 (+8.41%). Cocoa prices rallied sharply on Tuesday as they recovered from some of last week's sharp decline. Extreme volatility in cocoa prices has gripped the market since...

Barchart · May 7, 2024

Cocoa Prices Jump Sharply in Volatile Trade

July ICE NY cocoa (CCN24 ) this morning is up +1,025 (+13.51%), and July ICE London cocoa #7 (CAN24 ) is up +583 (+8.47%). Cocoa prices this morning are sharply higher as they recover some of the large losses posted over the past week. Extreme volatility in cocoa prices has...

Barchart · May 7, 2024

Cocoa Prices Sink in Illiquid Trading

July ICE NY cocoa (CCN24 ) this morning is down -540 (-6.63%), and July ICE London cocoa #7 (CAN24 ) is not trading today, with markets in the UK closed for the May Day holiday. Cocoa prices this morning are sharply lower in illiquid trading conditions as open interest in...

Barchart · May 6, 2024

Cocoa Prices Close Sharply Lower as Cocoa Buyers Delay Purchases

July ICE NY cocoa (CCN24 ) on Wednesday closed down -999 (-10.76%), and July ICE London cocoa #7 (CAN24 ) closed down -679 (-8.56%). Cocoa prices Wednesday closed sharply lower. Due to record-high prices, many traders and chocolate companies are delaying purchases of cocoa beans for the next season. Also,...

Barchart · May 1, 2024

Cocoa Prices Slump in Volatile Trade

July ICE NY cocoa (CCN24 ) this morning is down -951 (-10.24%), and July ICE London cocoa #7 (CAN24 ) is down -664 (-8.37%). Cocoa prices today are sharply lower. Recent volatility in cocoa prices has made it more expensive to maintain positions in cocoa futures as margins have sharply...

Barchart · May 1, 2024

Dollar Strength Sparks Long Liquidation in Cocoa Futures

July ICE NY cocoa (CCN24 ) on Friday closed down -210 (-1.94%), and May ICE London cocoa #7 (CAK24 ) closed down -173 (-1.80%). Cocoa prices settled moderately lower on Friday as a stronger dollar (DXY00 ) fueled long liquidation pressures in cocoa futures. Cocoa also has a negative carryover...

Barchart · Apr 26, 2024

Cocoa Prices Fall Back on Dollar Strength

July ICE NY cocoa (CCN24 ) this morning is down -129 (-1.19%), and May ICE London cocoa #7 (CAK24 ) is down -153 (-1.591%). Cocoa prices this morning are moderately lower as a stronger dollar (DXY00 ) has fueled long liquidation pressures in cocoa futures. Cocoa also has a negative...

Barchart · Apr 26, 2024

Cocoa Prices Post Moderate Losses on Larger Nigerian Cocoa Exports

July ICE NY cocoa (CCN24 ) on Thursday closed down -213 (-1.93%), and May ICE London cocoa #7 (CAK24 ) closed down -174 (-1.78%). Cocoa prices Thursday gave up an early advance and fell sharply on increased cocoa supplies. Nigeria, the world's fifth largest cocoa producer, reported Thursday that its...

Barchart · Apr 25, 2024

Cocoa Prices Give Up Early Gains as Nigerian Cocoa Exports Increase

July ICE NY cocoa (CCN24 ) this morning is down -451 (-4.09%), and May ICE London cocoa #7 (CAK24 ) is down -202 (-2.06%). Cocoa prices today gave up an early advance and fell sharply on an increase in cocoa supplies. Nigeria, the world's fifth largest cocoa producer, reported today...

Barchart · Apr 25, 2024

Cocoa Prices End Sharply Higher as Global Supplies Expected to Remain Tight

May ICE NY cocoa (CCK24 ) on Wednesday closed up +459 (+4.34%), and May ICE London cocoa #7 (CAK24 ) closed up +336 (+3.55%). Cocoa prices Wednesday rallied sharply on the outlook for global cocoa supplies to remain tight in the near term. Recent volatility in cocoa prices has made...

Barchart · Apr 24, 2024