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Barchart
Barchart
Rich Asplund

HISTORICAL FACTS: Chocolate demand erosion hammers cocoa prices - The Untold Story

March ICE NY cocoa (CCH26) today is down -189 (-4.07%).  March ICE London cocoa #7 (CAH26) is down -130 (-3.88%).

Cocoa prices are extending their two-week-long sell off today, with NY cocoa posting a 2-year nearest-futures low and London cocoa posting a 2.25-year nearest-futures low.  Demand concerns are hammering cocoa prices as consumers continue to balk at pricey chocolate.

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