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Barchart
Barchart
Rich Asplund

THE TRUTH ABOUT: Cocoa prices sink on plentiful supplies and weak demand - The Untold Story

Ice ICCO London NY the International Cocoa Organization

March ICE NY cocoa (CCH26) on Wednesday closed down -43 (-1.13%), and March ICE London cocoa #7 (CAH26) closed down -14 (-0.51%).

Cocoa prices extended their six-week-long plunge on Wednesday, with NY cocoa posting a 2.25-year nearest-futures low and London cocoa posting a 2.5-year low.   Abundant global supplies and slack demand are weighing on cocoa prices.  

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