
March ICE NY cocoa (CCH25) today is down -101 (-0.92%), and March ICE London cocoa #7 (CAH25) is down -110 (-1.24%).
Cocoa prices today are moderately lower due to the concern that high prices are causing demand destruction for cocoa. On Tuesday, Brazil reported that Q4 cocoa processing fell -5.5% y/y to 59,589 MT. On Thursday, Q4 European, Asian, and North American cocoa grinding reports will be released.