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Cocoa Prices Rise Significantly Due to Expected Smaller Global Surplus

Cocoa Prices Rise Significantly Due to Expected Smaller Global Surplus

Cocoa Prices Rise Amid Supply Updates On Friday, March ICE NY Cocoa closed up 210 points, marking a 3.83% increase, while March ICE London Cocoa #7 rose by 98 points, or 2.48%. Prices for cocoa climbed to a three-week high in New York, fueled by the expectation that the global cocoa surplus will not be […]

Cocoa Prices Rise After ICCO Reduces Global Cocoa Production and Surplus Predictions

Cocoa Prices Rise After ICCO Reduces Global Cocoa Production and Surplus Predictions

Cocoa Prices Experience Notable Rebound On Friday, cocoa futures saw a significant rise, with March ICE NY Cocoa closing up by 411 points, or 8.07%. Similarly, December ICE London Cocoa rose by 164 points, marking a 4.34% increase. The price jump can be attributed to the International Cocoa Organization’s recent forecast adjustments, lowering the anticipated […]

Cocoa Prices Rise Due to Weak Dollar Encouraging Short Covering

Cocoa Prices Rise Due to Weak Dollar Encouraging Short Covering

Cocoa Prices See Significant Rise Today, cocoa prices on the March ICE NY market climbed by 430, a rise of 8.44%, while the December ICE London Cocoa #7 saw an increase of 171, or 4.52%. This surge marks a one-week high for cocoa. Short covering in cocoa futures began as the dollar index dipped to […]

Cocoa Prices Drop as EU Pushes Back Deforestation Regulations

Cocoa Prices Drop as EU Pushes Back Deforestation Regulations

Cocoa Prices Experience Minor Declines Amidst Supply Insights On Wednesday, March ICE NY Cocoa (CCH26) ended down by 6, or 0.12%, while December ICE London Cocoa #7 (CAZ25) fell by 10, which is 0.27%. Despite the drop, cocoa prices remain above the 1.75-year low hit last Wednesday. This comes in the wake of the European […]

Dollar Decline Triggers Short Covering in Cocoa Futures

Dollar Decline Triggers Short Covering in Cocoa Futures

Cocoa Market Update Today, March ICE NY Cocoa is up by 19 points, or about 0.37%, while December ICE London Cocoa #7 has increased by 12 points, which is approximately 0.33%. After some initial losses this morning, cocoa prices began to recover, primarily due to the weaker dollar prompting short covering in cocoa futures. The […]

Cocoa Prices Drop Due to Expectations of Abundant Global Supplies

Cocoa Prices Drop Due to Expectations of Abundant Global Supplies

Cocoa Prices Experience Decline Amid Regulatory Delays and Harvest Optimism Today’s figures show a decrease in March ICE NY Cocoa (CCH26) by 78 points, or 1.50%, while December ICE London Cocoa #7 (CAZ25) is down 36 points, or 0.97%. Cocoa prices are hitting a low not seen in 1.75 years, primarily due to expectations that […]

Cocoa Prices Drop as Global Supply Outlook Gets Better

Cocoa Prices Drop as Global Supply Outlook Gets Better

Cocoa Prices Drop Amidst Mixed Market Factors On Friday, the ICE NY Cocoa (CCH26) concluded down by 123 points (-2.33%), while the December ICE London Cocoa #7 (CAZ25) fell by 97 points (-2.50%). Cocoa prices saw a notable decline on Friday, reaching a 1.75-year low in London. This downward trend can be attributed to pressures […]

Cocoa Prices Rise Due to Technical Short Covering

Cocoa Prices Rise Due to Technical Short Covering

Cocoa Prices Experience Significant Increase As of today, December ICE NY Cocoa (CCZ25) rose by 164 points, or 3.32%. Meanwhile, December ICE London Cocoa #7 (CAZ25) increased by 72 points, or 1.90%. The rise in cocoa prices can be attributed to a weaker dollar, which has prompted some short covering in cocoa futures. These futures […]

Cocoa Prices Fall Sharply Due to Expectations of Strong Global Supplies

Cocoa Prices Fall Sharply Due to Expectations of Strong Global Supplies

Cocoa Prices Hit 1.75-Year Low Amid Updated EU Regulations On Wednesday, cocoa prices tumbled, with December ICE NY Cocoa (CCZ25) down by 319 points (-6.06%) and December ICE London Cocoa #7 (CAZ25) falling 256 points (-6.32%). This drop brings cocoa prices to their lowest point in over a year and a half. The decline is […]