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Rich Asplund

INSANE: Demand concerns pressure cocoa prices | Vintage Vibes

Ice ICCO Mondelez International Ivory Coast London NY Ghana

July ICE NY cocoa (CCN25) Wednesday closed down -4 (-0.04%), and May ICE London cocoa #7 (CAK25) closed up +160 (+2.53%).

Cocoa prices on Wednesday posted 1-week lows but settled mixed.  Cocoa prices Wednesday initially moved lower on demand concerns after chocolate maker Mondelez International reported weaker-than-expected Q1 sales and said consumers are cutting back on snack purchases due to economic uncertainty and high chocolate prices.  

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