The Latest Breaking News from Ivory Coast

Dollar Strength Sparks Long Liquidation in Cocoa Futures

Dec ICE NY cocoa (CCZ23 ) on Tuesday closed -74 (-2.11%), and Dec ICE London cocoa #7 (CAZ23 ) closed -54 (-1.78%). Cocoa prices Tuesday closed moderately lower after a rally in the dollar index (DXY00 ) to a 10-1/4 month high sparked long liquidation in cocoa futures. In a...

Barchart · Oct 3, 2023

Cocoa Prices Firm on Smaller Ivory Coast Cocoa Supplies

Dec ICE NY cocoa (CCZ23 ) on Monday closed +84 (+2.46%), and Dec ICE London cocoa #7 (CAZ23 ) closed +83 (+2.81%). Cocoa prices Monday posted moderate gains on reduced cocoa supplies from the Ivory Coast. Ivory Coast farmers shipped 2.36 MMT of cocoa from Oct 1-Sep 30, down -4.1%...

Barchart · Oct 2, 2023

Cocoa Prices Weighed Down by an Improved Ivory Coast Cocoa Crop Outlook

Dec ICE NY cocoa (CCZ23 ) on Friday closed -41 (-1.19%), and Dec ICE London cocoa #7 (CAZ23 ) closed -29 (-0.97%). Cocoa prices Friday closed moderately lower, with London cocoa falling to a 3-week low. An improved outlook for the Ivory Coast's main crop is weighing on cocoa prices....

Barchart · Sep 29, 2023

Aboudia blindsides market experts as bestselling artist of 2022

Artist from Abidjan, Ivory Coast, sold 75 artworks in auction, topping Damien Hirst’s 73

The Guardian - UK · Sep 24, 2023

Cocoa Prices Mixed on Currency Fluctuations

Dec ICE NY cocoa (CCZ23 ) on Friday closed -13 (-0.36%), and Dec ICE London cocoa #7 (CAZ23 ) closed +21 (+0.70%). Cocoa prices Friday settled mixed. NY cocoa Friday was under pressure as the dollar index (DXY00 ) climbed to a 6-1/2 month high. However, London cocoa Friday moved...

Barchart · Sep 22, 2023

Dollar Weakness Sparks Short Covering in Cocoa Futures

Dec ICE NY cocoa (CCZ23 ) on Thursday closed +25 (+0.70%), and Dec ICE London cocoa #7 (CAZ23 ) closed +15 (+0.50%). Cocoa prices Thursday recovered from early losses and closed moderately higher. The dollar index Thursday fell back from a 6-1/2 month high and turned lower, which sparked short...

Barchart · Sep 21, 2023

Risk Off Sentiment in Commodities Weighs on Cocoa Prices

Dec ICE NY cocoa (CCZ23 ) on Wednesday closed -72 (-1.98%), and Dec ICE London cocoa #7 (CAZ23 ) closed -66 (-2.16%). Cocoa prices Wednesday closed sharply lower, with NY cocoa falling to a 3-week low and London cocoa dropping to a 1-1/2 week low. Concerns that the Fed would...

Barchart · Sep 20, 2023

Cocoa Prices Resume Strength

Dec ICE NY cocoa (CCZ23 ) on Tuesday closed +21 (+0.58%), and Dec ICE London cocoa #7 (CAZ23 ) closed +21 (+0.58%). Cocoa prices Tuesday recovered moderately after the heavy long liquidation pressure that forced cocoa prices sharply lower on Monday. ICE-monitored cocoa inventories held in U.S. ports have steadily...

Barchart · Sep 19, 2023

Cocoa Prices Fall Back on Long Liquidation Pressure

Dec ICE NY cocoa (CCZ23 ) on Monday closed down -136 (-3.62%), and Dec ICE London cocoa #7 (CAZ23 ) closed down -90 (-2.88%). Cocoa prices Monday fell on long liquidation pressure sparked by a risk-off environment in the asset markets ahead of this week's FOMC meeting. Cocoa prices have...

Barchart · Sep 18, 2023

Shrinking Global Output Pushes Cocoa Prices Higher

Dec ICE NY cocoa (CCZ23 ) on Friday closed +27 (+0.72%), and Dec ICE London cocoa #7 (CAZ23 ) closed +14 (+0.45%). Cocoa prices Friday settled moderately higher, with Dec NY cocoa posting a contract high and Dec London cocoa posting a record nearest-futures high. Cocoa prices have trended higher...

Barchart · Sep 15, 2023