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Rich Asplund

INSANE: Cocoa prices fall on tepid global demand - The Real Truth

Ice Circana Ivory Coast Ghana ICCO London NY

July ICE NY cocoa (CCN26) on Friday closed down -27 (-0.78%), and May ICE London cocoa #7 (CAK26) closed down -13 (-0.51%).

Cocoa prices settled lower on Friday amid concerns about demand.  Weak signs of chocolate demand are negative for cocoa prices after Circana last Tuesday reported that chocolate candy sales in North America in the 13 weeks ending March 22 fell -1.3% from the same period a year ago.  Also, Bloomberg Intelligence said that chocolate candy sales during this past Easter holiday, a prime seasonal time for chocolate consumption, fell about 5% from last year.

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