The Latest Breaking News from Ivory Coast

Cocoa Prices Slip on Dollar Strength

July ICE NY cocoa (CCN24 ) on Wednesday closed down -149 (-1.56%), and July ICE London cocoa #7 (CAN24 ) closed down -41 (-0.54%). Cocoa prices closed moderately lower on Wednesday as a stronger dollar weighed on most commodities, including cocoa. Also, cocoa prices saw some long liquidation pressure after...

Barchart · Jun 5, 2024

Cocoa Prices Lower on Stronger Dollar

July ICE NY cocoa (CCN24 ) today is down -53 (-0.55%), and July ICE London cocoa #7 (CAN24 ) is down -41 (-0.54%). Cocoa prices today are moderately lower as a stronger dollar weighed on most commodities, including cocoa. Also, cocoa prices are seeing some fatigue on a lack of...

Barchart · Jun 5, 2024

Cocoa Prices Consolidate Recent Rally

July ICE NY cocoa (CCN24 ) Tuesday closed down -218 (-2.23%), and July ICE London cocoa #7 (CAN24 ) closed down -25 (-0.33%). Cocoa prices on Tuesday posted moderate losses as they consolidated and corrected lower after rallying by more than +15% over the past week. On Monday, NY cocoa...

Barchart · Jun 4, 2024

Cocoa Prices Rise on ICCO's Larger Cocoa Deficit Estimate

July ICE NY cocoa (CCN24 ) Friday closed up +74 (+0.80%), and July ICE London cocoa #7 (CAN24 ) closed up +24 (+0.32%). Cocoa prices saw support after the International Cocoa Association raised its cocoa deficit estimate. On Friday, ICCO estimated a 439,000 MT cocoa deficit for 2023/24, 17% higher...

Barchart · May 31, 2024

Cocoa Prices Rise on Support from Reduced Ivory Coast Shipments

July ICE NY cocoa (CCN24 ) today is up +74 (+0.80%), and July ICE London cocoa #7 (CAN24 ) +24 (+0.32%). Cocoa prices are consolidating below Thursday's 3-week highs and are trading higher. Cocoa prices have underlying support from dry conditions in West Africa that are causing an uncertain outlook...

Barchart · May 31, 2024

Cocoa Settles Lower as Prices Consolidate Recent Gains

July ICE NY cocoa (CCN24 ) on Thursday closed down -52 (-0.56%), and July ICE London cocoa #7 (CAN24 ) closed down -124 (-1.64%). Cocoa prices Thursday fell back from 3-week highs and closed moderately lower. Long liquidation pressures emerged in cocoa futures Thursday after prices soared more than +15%...

Barchart · May 30, 2024

Cocoa Prices Consolidate This Week's Sharp Rally

July ICE NY cocoa (CCN24 ) today is down -42 (-0.45%), and July ICE London cocoa #7 (CAN24 ) is down -123 (-1.63%). Cocoa prices today fell back from 3-week highs and are moderately lower. Long liquidation pressures emerged in cocoa futures today after prices soared more than +15% earlier...

Barchart · May 30, 2024

Cocoa Rallies Sharply Due to Inadequate Rain in West Africa

July ICE NY cocoa (CCN24 ) on Wednesday closed up +529 (+6.03%), and July ICE London cocoa #7 (CAN24 ) closed up +464 (+6.55%). Cocoa prices Wednesday rallied sharply for a second day, with NY cocoa posting a 3-week high and London cocoa posting a 2-week high. Inadequate rain in...

Barchart · May 29, 2024

Cocoa Prices Surge with Inadequate Rain in West Africa

July ICE NY cocoa (CCN24 ) today is up +477 (+5.43%), and July ICE London cocoa #7 (CAN24 ) is up +462 (+6.53%). Cocoa prices today rallied sharply for a second day, with NY cocoa posting a 3-week high and London cocoa posting a 2-week high. Inadequate rain in West...

Barchart · May 29, 2024

Cocoa Prices Finish Sharply Higher as Ivory Coast Cocoa Production Shrinks

July ICE NY cocoa (CCN24 ) on Tuesday closed up +486 (+5.86%), and July ICE London cocoa #7 (CAN24 ) closed up +261 (+3.83%). Cocoa prices Tuesday surged to 2-week highs. Lower cocoa production in the Ivory Coast, the world's largest producer, is a major bullish factor for cocoa prices....

Barchart · May 28, 2024