The Latest Breaking News from Ivory Coast

Cocoa Prices Catapult to Record Highs as Ghana's Cocoa Output Expected to Plunge

May ICE NY cocoa (CCK24 ) on Monday closed up +710 (+7.94%), and May ICE London cocoa #7 (CAK24 ) closed up +732 (+9.81%). Cocoa's parabolic rally continued Monday, with NY cocoa and London cocoa posting new all-time highs and closing sharply higher as global supply concerns persist. A slump...

Barchart · Mar 25, 2024

Cocoa Prices Surge as Ghana's Cocoa Output Expected to Plunge

May ICE NY cocoa (CCK24 ) this morning is up +484 (+5.43%), and May ICE London cocoa #7 (CAK24 ) is up +587 (+7.87%). Cocoa's parabolic rally continued today, with NY cocoa and London cocoa posting new all-time highs as global supply concerns persist. A slump in cocoa production in...

Barchart · Mar 25, 2024

Cocoa Prices Extend Their Parabolic Rally as Processors Scramble for Supplies

May ICE NY cocoa (CCK24 ) on Friday closed up +380 (+4.44%), and May ICE London cocoa #7 (CAK24 ) closed up +323 (+4.53%). Cocoa prices on Friday rallied sharply for a second day and posted new all-time highs as global supply concerns persist. Because of limited supplies, global cocoa...

Barchart · Mar 22, 2024

West Africa heatwave was supercharged by climate crisis, study finds

High temperatures in February affected millions of people and put further pressure on chocolate prices

The Guardian - UK · Mar 21, 2024

Cocoa Prices Recover Sharply as Global Processors Struggle to Secure Supplies

May ICE NY cocoa (CCK24 ) on Wednesday closed up +297 (+3.70%), and May ICE London cocoa #7 (CAK24 ) closed up +246 (+3.685%). Cocoa prices on Wednesday shook off early losses and rallied sharply as global cocoa grinders are paying up to secure cocoa supplies due to growing concerns...

Barchart · Mar 20, 2024

Dollar Strength and Higher ICE Trading Margins Weigh on Cocoa Prices

May ICE NY cocoa (CCK24 ) this morning is down -86 (-1.07%), and May ICE London cocoa #7 (CAK24 ) is up +17 (+0.25%). Cocoa prices this morning are mixed. A stronger dollar today induced some long liquidation in cocoa futures after the dollar index rose (DXY00 ) to a...

Barchart · Mar 20, 2024

Cocoa Gives Up Early Gains as Dollar Strength Fuels Long Liquidation

May ICE NY cocoa (CCK24 ) on Tuesday closed down -145 (-1.77%), and May ICE London cocoa #7 (CAK24 ) closed down -113 (-1.66%). Cocoa prices on Tuesday relinquished an early rally and settled moderately lower as a rally in the dollar index (DXY00 ) to a 2-week high sparked...

Barchart · Mar 19, 2024

Cocoa Prices Mixed on Currency Fluctuations

May ICE NY cocoa (CCK24 ) this morning is down -9 (-0.11%), and May ICE London cocoa #7 (CAK24 ) is up +49 (+0.72%). Cocoa prices this morning are mixed, with London cocoa posting a new record high. NY cocoa gave up an early advance today and turned lower as...

Barchart · Mar 19, 2024

Cocoa Prices Post New Record Highs on Uncertainty About Global Cocoa Production

May ICE NY cocoa (CCK24 ) on Monday closed up +154 (+1.92%), and May ICE London cocoa #7 (CAK24 ) closed up +262 (+4.00%). On Monday, the May NY and London cocoa futures contracts extended their two-month-long parabolic rally to new record highs on continued concern about tight cocoa supplies...

Barchart · Mar 18, 2024

Cocoa Prices Post New Record Highs on Uncertainty About Global Cocoa Output

May ICE NY cocoa (CCK24 ) this morning is up +126 (+1.57%), and May ICE London cocoa #7 (CAK24 ) is up +233 (+3.56%). The May NY and London cocoa futures contracts today extended their parabolic two-month-long rally to new record highs on continued concern about tight cocoa supplies from...

Barchart · Mar 18, 2024