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Rich Asplund

BIZARRE: Cocoa prices retreat on demand concerns - You Need To See This

Ice ICCO Nestle SA Ghana Ivory Coast Deficit

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

Cocoa prices today are sharply lower on 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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