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Barchart
Barchart
Rich Asplund

RARE PHOTOS: Cocoa prices pressured over chocolate demand concerns - The Real Truth

Ice Barry Callebaut Ivory Coast Ghana ICCO StoneX

July ICE NY cocoa (CCN26) on Wednesday closed down -36 (-0.88%), and July ICE London cocoa #7 (CAN26) closed down -44 (-1.41%). Chocolate demand concerns undercut cocoa prices on Wednesday after Barry Callebaut, the world’s seventh largest chocolate maker by revenue, provided updated guidance that suggests a slower recovery in sales volumes than previously assumed.

Cocoa prices are also under pressure from rising inventories. ICE cocoa inventories rose to a 1.75-year high of 2,913,278 bags on Wednesday.

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