
March ICE NY cocoa (CCH26) on Tuesday closed down -219 (-4.02%). March ICE London cocoa #7 (CAH26) closed down -111 (-2.82%).
Cocoa prices slumped to 7-week lows on Tuesday and settled sharply lower on concerns over weak global demand. Q4 cocoa grinding figures will be released this week and are expected to show continued stagnant cocoa demand.