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Barchart
Barchart
Rich Asplund

EXPLAINED: Cocoa demand concerns weigh on prices - The Real Truth

Ice London Cocoa NY Cocoa London NY Ghana Ivory Coast CFTC Deficit ICCO

March ICE NY cocoa (CCH25) Wednesday closed down -399 (-3.66%), and March ICE London cocoa #7 (CAH25) closed down -315 (-3.67%).

Cocoa prices retreated Wednesday, with NY cocoa posting a 1-month low and London cocoa posting a 5-week low.  Cocoa prices fell Wednesday after major chocolate maker Mondelez International pointed to a potential slowdown in chocolate demand when CFO Zarmella said in an earnings call that "we are seeing signs, particularly in parts of the world like North America, where cocoa consumption is coming down."

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