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Rich Asplund

SHOCKING: Cocoa prices correct lower on concern record high prices will curb demand | Mind Blowing Facts

Ice ICCO Ghana United States

March ICE NY cocoa (CCH24) on Friday closed -255 (-4.28%), and Mar ICE London cocoa #7 (CAH24) closed -189 (-3.92%).

Cocoa prices on Friday closed sharply lower. Cocoa prices are correcting lower after a sharp five-week rally pushed prices to record highs and into overbought territory. Concerns that record-high cocoa prices will hurt demand have prompted some long liquidation in cocoa.

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