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Barchart

Rich Asplund

Abundant Supplies and Tepid Demand Pressure Cocoa Prices

Ice ICCO London NY the International Cocoa Organization

March ICE NY cocoa (CCH26) today is down -42 (-1.16%), and March ICE London cocoa #7 (CAH26) is down -30 (-1.15%).

Cocoa prices remain under pressure, extending their six-week-long plunge today, with NY cocoa falling to a 2.25-year nearest-futures low and London cocoa sliding to a 2.5-year low. Robust global supplies and slack demand are weighing on cocoa prices.

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