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Rich Asplund

FOUND: Cocoa prices close sharply lower on demand concerns - You Need To See This

Ice ICCO Nestle SA Ghana Ivory Coast Deficit

July ICE NY cocoa (CCN24) on Thursday closed down -340 (-3.42%), and July ICE London cocoa #7 (CAN24) closed down -301 (-3.53%).

Cocoa prices closed sharply lower on Thursday due to demand concerns. Chocolate producer Nestle SA said Wednesday that consumers will cut back on chocolate purchases as the recent historic rally in cocoa prices gradually trickles down to manufacturers and forces them to raise prices.

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