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Barchart
Barchart
Rich Asplund

YOU WONT BELIEVE: Trade war fears undercut cocoa prices - What They Never Told You

Ice NY ICCO London Ghana Hershey Mondelez

May ICE NY cocoa (CCK25) Tuesday closed down -298 (-3.70%), and May ICE London cocoa #7 (CAK25) closed down -227 (-3.80%).

Cocoa prices on Tuesday extended their three-session slide, with NY cocoa falling to a 3-week low and London cocoa dropping to a 5-month low.  Global trade war fears are weighing on cocoa prices on concern that consumer demand for cocoa and cocoa products will decline as the global trade war escalates and tariffs boost already-high cocoa prices.

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