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Rich Asplund

Cocoa Prices Fall on Demand Concerns and British Pound Strength

Ice British Pound Mondelez ICCO London

March ICE NY cocoa (CCH25) Thursday closed down -143 (-1.40%), and March ICE London cocoa #7 (CAH25) closed down -148 (-1.83%).

Cocoa prices dropped to 1-week lows Thursday on negative carryover from Tuesday when Mondelez executives said that chocolate prices could rise as much as 50% due to the surge in cocoa prices, which would curb chocolate demand.

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