Cocoa Posts Moderate Losses on the Outlook for a Global Cocoa Surplus

Written on 09/16/2024
Rich Asplund

December ICE NY cocoa (CCZ24 ) Thursday closed down -140 (-1.81%), and December ICE London cocoa #7 (CAZ24 ) closed down -43 (-0.80%). Cocoa prices Thursday gave up early gains and turned lower on the outlook for a global cocoa surplus after JSG Commodities said it expects a +99,000 MT...Cocoa - Chocolate swirls processed cocoa by Jitendrajadhav via iStock