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Rich Asplund

DARK SECRETS: Demand concerns hammer cocoa prices | Rare Historical Photos

Ice NY Cocoa London NY Ghana Ivory Coast CFTC Deficit ICCO

March ICE NY cocoa (CCH25) today is down -364 (-3.34%), and March ICE London cocoa #7 (CAH25) is down -284 (-3.31%).

Cocoa prices today are plunging, with NY cocoa posting a 1-month low and London cocoa posting a 5-week low. Cocoa prices are retreating today after major chocolate maker Mondelez International pointed to a potential slowdown in chocolate demand when CFO Zarmella said in an earnings call that "we are seeing signs, particularly in parts of the world like North America, where cocoa consumption is coming down."

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