Cocoa Prices: New All-Time Highs Result in Mixed Market Trends

Tuesday, 2 April 2024, 12:00
The price of cocoa is fluctuating today as May ICE NY cocoa is down while May ICE London cocoa has surged to new all-time highs. These contrasting movements reflect the ongoing concern over dwindling global cocoa supplies, which is influencing market dynamics. Despite the mixed performance, the cocoa market remains volatile with unpredictable price shifts affecting traders and investors.
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Cocoa Prices: New All-Time Highs Result in Mixed Market Trends

Cocoa Prices on the Rise

The cocoa market experienced significant volatility today, with May ICE NY cocoa showing a decline of -1.97%, while May ICE London cocoa recorded a sharp increase of 0.98% to reach new all-time highs.

Market Concerns Impacting Prices

Concerns about shrinking global cocoa supplies continue to drive fluctuations in prices, with traders closely monitoring the market for cues.

  • This morning, the NY and London cocoa prices displayed mixed performance,
  • Pushing towards new all-time highs in a volatile market environment.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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