The Latest Breaking News from ICCO

Cocoa Prices Retreat on Weak Asian Demand

Sep ICE NY cocoa (CCU23 ) on Thursday closed -45 (-1.31%), and Sep ICE London cocoa #7 (CAU23 ) closed -21 (-0.81%). Cocoa prices Thursday posted moderate losses on signs of weakness in global demand. The Cocoa Association of Asia reported Thursday that Asia Q2 cocoa grindings fell -3.6% q/q...

Barchart · Jul 20, 2023

Cocoa Rallies on Global Cocoa Supply Woes

Sep ICE NY cocoa (CCU23 ) on Wednesday closed +26 (+0.76%), and Sep ICE London cocoa #7 (CAU23 ) closed +52 (+2.05%). Cocoa prices Wednesday moved higher, with NY cocoa posting a 12-year nearest-futures high. The outlook for tighter future cocoa supplies is bullish for prices on last Friday's news...

Barchart · Jul 19, 2023

NY Cocoa Soars to a 12-Year High on Supply Concerns

Sep ICE NY cocoa (CCU23 ) on Tuesday closed +48 (+1.43%), and Sep ICE London cocoa #7 (CAU23 ) closed +18 (+0.72%). Cocoa prices Tuesday settled moderately higher, with NY cocoa posting a 12-year nearest-futures high. The outlook for tighter future cocoa supplies is bullish for prices on last Friday's...

Barchart · Jul 18, 2023

Cocoa Prices Consolidate After Recent Rally

Sep ICE NY cocoa (CCU23 ) on Tuesday closed -3 (-0.09%), and Sep ICE London cocoa #7 (CAU23 ) closed -3 (-0.12%). Cocoa prices Tuesday closed slightly lower on consolidation after recent gains. Sep NY cocoa prices last Monday rallied to a contract high and nearest-futures cocoa (CCN23) posted a...

Barchart · Jul 11, 2023

Cocoa Prices Consolidate Below This Week's Highs

Sep ICE NY cocoa (CCU23 ) on Friday closed -3 (-0.09%), and Sep ICE London cocoa #7 (CAU23 ) closed -20 (-0.77%). Cocoa prices Friday closed moderately lower as they consolidated below this week's significant highs. Losses in London cocoa accelerated Friday after the British pound (^GBPUSD ) rallied to...

Barchart · Jul 7, 2023

Cocoa Prices Slip on Risk Aversion and Higher London ICE Inventories

Sep ICE NY cocoa (CCU23 ) on Thursday closed -56 (-1.66%), and Sep ICE London cocoa #7 (CAU23 ) closed -36 (-1.37%). Cocoa prices Thursday posted moderate losses as a slump in global stock prices sparked aversion to risk assets, including stocks and commodities. Also, an increase in London cocoa...

Barchart · Jul 6, 2023

Cocoa Prices Fall Back as Dollar Strength Fuels Long Liquidation

Sep ICE NY cocoa (CCU23 ) on Wednesday closed -30 (-0.59%), and Sep ICE London cocoa #7 (CAU23 ) closed -2 (-0.08%). Cocoa prices Wednesday closed moderately lower as a stronger dollar sparked profit-taking and long liquidation in cocoa futures. On Monday, Sep NY cocoa prices posted a new contract...

Barchart · Jul 5, 2023

Cocoa Prices Rally on West African Crop Concerns

Sep ICE NY cocoa (CCU23 ) on Monday closed +46 (+1.37%), and Sep ICE London cocoa #7 (CAU23 ) closed up +47 (+1.80). Sep NY cocoa prices on Monday posted a new contract high and nearest-futures cocoa (CCN23) posted a 7-1/2 year high. Sep London cocoa Monday posted a contract...

Barchart · Jul 3, 2023

Cocoa Prices Rally to New 7-1/2 Year High on Supply Concerns

Sep ICE NY cocoa (CCU23 ) on Friday closed +92 (+2.82%), and Sep ICE London cocoa #7 (CAU23 ) closed up +66 (+2.59). Sep NY cocoa prices on Friday posted a new contract high and there was a new 7-1/2 year high on the nearest-futures chart. Cocoa prices rallied sharply...

Barchart · Jun 30, 2023

Cocoa Prices Fall Back from 7-1/2 Year High on Long Liquidation Pressure

Sep ICE NY cocoa (CCU23 ) on Thursday closed down -77 (-2.31%), and Sep ICE London cocoa #7 (CAU23 ) closed down -43 (-1.66%). Sep NY cocoa prices on Thursday fell back from Wednesday's contract high, when the front-month July contract posted a new 7-1/2 year high on the nearest-futures...

Barchart · Jun 29, 2023