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Rich Asplund

Cocoa Prices Fall Back After Monday's Surge due to Ghana Sales Restrictions

Ice Ghana London Ivory Coast NY

September ICE NY cocoa (CCU24) today is down -111 (-1.32%), and September ICE London cocoa #7 (CAU24) is down -36 (-0.53%).

Cocoa prices are seeing some long liquidation pressure today after Monday's extraordinary rally of +9.22% in NY cocoa and +7.95% in London cocoa.  Cocoa prices today were undercut after chocolate maker Lindt & Spruengli AG warned of lower chocolate demand due to high prices.

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