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Barchart
Barchart
Rich Asplund

Cocoa Prices Fall on Weak Malaysian Demand Report

September ICE NY cocoa (CCU25) today is down -449 (-5.42%), and September ICE London cocoa #7 (CAU25) is down -153 (-2.85%).

Cocoa prices are trading lower on demand concerns, after the Malaysian Cocoa Board and Cocoa Manufacturers Group reported on Tuesday that cocoa bean processing in Q2 fell by -22% y/y.  The market is looking ahead to the quarterly Q2 cocoa grinding reports that are expected on Thursday.  Cocoa grindings reports for Q1 were weak.  Q1 North American cocoa grindings fell -2.5% y/y to 110,278 MT, Q1 European cocoa grindings fell -3.7% y/y to 353,522 MT, and Q1 Asian cocoa grindings fell -3.4% y/y to 213,898 MT.

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