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Rich Asplund

YOU WONT BELIEVE: Cocoa prices retreat on slack demand - What They Never Told You

Ice ICCO NY London Ghana Hershey Ivory Coast Malaysia Mondelez

May ICE NY cocoa (CCK25) Tuesday closed down -245 (-2.97%), and May ICE London cocoa #7 (CAK25) closed down -183 (-3.06%).

Cocoa prices on Tuesday settled moderately lower and added to Monday's losses on signs of weak cocoa demand. Malaysia reported a -15.3% y/y decline in Q1 cocoa processing to 84.192 MT on Monday, and Brazil reported a -13% y/y fall in Q1 cocoa bean grindings to 52.135 MT. This Thursday, Asia, Europe, and North America will report their Q1 cocoa grinding figures.

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