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Barchart
Rich Asplund

Cocoa Prices Erase Early Gains on Demand Concerns

Ice London Cocoa NY Cocoa Ivory Coast Brazil CFTC ICCO London United States

March ICE NY cocoa (CCH25) today is down -56 (-0.51%), and March ICE London cocoa #7 (CAH25) is down -11 (-0.12%).

Cocoa prices today gave up an early advance and turned lower on concern high prices are causing demand destruction for cocoa after Brazil reported Q4 cocoa processing fell -5.5% y/y to 59,589 MT.

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