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Barchart
Rich Asplund

SHOCKING: Cocoa prices decline as q1 european cocoa grindings falter - What They Never Told You

May ICE NY cocoa (CCK26) today is down -116 (-3.34%), and May ICE London cocoa #7 (CAK26) is down -62 (-2.43%).

Cocoa prices are sliding today amid concerns about global demand.  The European Cocoa Association reported today that Q1 European cocoa grindings fell -7.8% y/y to 325,895 MT, a bigger decline than expectations of -6% y/y and the lowest for a Q1 in 17 years.

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