Cocoa Prices Rally on Deficit Forecast

December ICE NY cocoa (CCZ24) today is up +5.32%, and December ICE London cocoa #7 (CAZ24) is up +6.36%. Cocoa prices rallied sharply today and continued to recover from last week’s lows when NY cocoa posted an 8-month nearest-futures low and London co…

Cocoa Prices Rally on Deficit Forecast

December ICE NY cocoa (CCZ24) today is up +5.32%, and December ICE London cocoa #7 (CAZ24) is up +6.36%. Cocoa prices rallied sharply today and continued to recover from last week’s lows when NY cocoa posted an 8-month nearest-futures low and London co…