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Barchart
Barchart
Rich Asplund

Cocoa Demand Concerns Hammer Prices

Ice Barry Callebaut AG ICCO Ivory Coast London NY

September ICE NY cocoa (CCU25) Thursday closed down -317 (-3.78%), and September ICE London cocoa #7 (CAU25) closed down -248 (-4.57%)

Cocoa prices on Thursday posted sharp losses due to concerns about cocoa demand.  Chocolate maker Barry Callebaut AG reduced its sales volume guidance for a second time in three months on Thursday, citing persistent cocoa price volatility.  The company projects a decline in full-year sales volume and said it "saw its largest decline in a decade in the third quarter."

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