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 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 […]
Cocoa Prices Drop Due to Strong Supplies and Low Demand
Cocoa Prices Hit Low Amid Positive Crop Outlook Today, December ICE NY Cocoa (CCZ25) is down 302 points, or 5.74%, while December ICE London Cocoa #7 (CAZ25) sees a drop of 238 points, or 5.87%. Cocoa prices have plunged to a 1.75-year low as optimism grows over a potential bumper crop in West Africa. Farmers […]
Cocoa Prices Affected by a Better Supply Forecast
Cocoa Market Update On Tuesday, the December ICE NY Cocoa (CCZ25) ended down by 2 points (-0.04%), while the December ICE London Cocoa #7 (CAZ25) saw a rise of 40 points (+1.00%). Cocoa prices dipped to a 1.75-year low on Tuesday amidst expectations of a strong cocoa harvest in West Africa. Farmers in Ivory Coast […]
Cocoa Prices Affected by US Tariff Reduction
Cocoa Market Update On Monday, cocoa futures on the December ICE NY closed lower, down by 23 points (or 0.44%), while the December ICE London Cocoa #7 fell by 60 points (1.47%). The decline in cocoa prices follows last Friday’s announcement from the Trump administration regarding the removal of a 10% reciprocal tariff on non-U.S. […]
Cocoa Prices Affected by Potential US Tariff Reductions and Sufficient Global Supplies
Cocoa Prices Decline Amid Mixed Signals On Friday, cocoa prices witnessed a notable drop, with December ICE NY Cocoa (CCZ25) closing down by 200 points, or 3.64%. Similarly, December ICE London Cocoa #7 (CAZ25) fell by 37 points, equating to a 0.90% decline. This week’s downturn pushed cocoa prices to a 1.75-year low. The pressure […]
US Cocoa Prices Drop Due to Potential Tariff Cuts
Cocoa Market Update On Wednesday, December ICE NY Cocoa (CCZ25) concluded at -204, marking a decline of 3.50%, while December ICE London Cocoa #7 (CAZ25) saw a slight increase of +17, or 0.41%. Cocoa prices displayed mixed trends before stabilizing, with New York cocoa plummeting to its lowest point in 1.75 years for recent futures. […]
Cocoa Prices Decline Significantly Due to Expectations of Abundant Global Supplies
On Tuesday, cocoa prices dropped significantly, with December ICE NY Cocoa (CCZ25) closing down 273 points, or about 4.47%, and December ICE London Cocoa #7 (CAZ25) down 206 points, a decline of 4.73%. This slump marks a four-week low for New York cocoa and a three-week low for London cocoa. The prices have been decreasing […]
Cocoa Prices Fall Due to Indications of a Big West African Cocoa Harvest
Cocoa Prices Plummet Amidst Mixed Harvest Reports Today’s December ICE NY Cocoa (CCZ25) saw a decline of 254 points, or 4.16%, while December ICE London Cocoa #7 (CAZ25) dropped by 206 points, translating to a 4.73% fall. Cocoa prices took a hit today, with New York cocoa hitting a four-week low and London cocoa dropping […]
Cocoa Prices Decline Due to Expected Abundant Global Supplies
Cocoa Prices Drop Amid Mixed Harvest News Cocoa prices fell again on Friday, marking the third consecutive day of declines and hitting a one-week low. December Iced New York Cocoa closed at -172 (-2.78%), while December Iced London Cocoa #7 ended at -112 (-2.53%). Prices have been on a downturn since reaching a five-week high […]