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Barchart
Barchart
Rich Asplund

BIZARRE: Cocoa prices erase early gains on demand concerns - What They Never Told You

March ICE NY cocoa (CCH25) today is down -56 (-0.51%), and March ICE London cocoa #7 (CAH25) is down -11 (-0.12%).

Cocoa prices today gave up an early advance and turned lower on concern high prices are causing demand destruction for cocoa after Brazil reported Q4 cocoa processing fell -5.5% y/y to 59,589 MT.

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