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Cocoa Futures Lower

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March New York Cocoa is trading at 2178, down 29 $/MT.

May New York Cocoa is trading at 2167, down 24 $/MT.

New York cocoa futures are trading near the session lows after Tuesday's choppy trading session.

Street estimates for Ghana's cocoa purchases from farmers is estimated to be around 547,000 tonnes for the harvest season from October 1st until December 29th, up 10 percent from a year ago at 497,000 tonnes.

 

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Posted-In: cocoa futuresFutures Commodities Markets

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