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Barchart
Barchart
Rich Asplund

Cocoa Prices Retreat as Global Supplies Mount and Demand Falters

March ICE NY cocoa (CCH26) on Friday closed down -51 (-1.40%), and March ICE London cocoa #7 (CAH26) closed down -45 (-1.72%).

Cocoa prices extended their six-week-long plunge on Friday, with NY cocoa posting a 2.25-year nearest-futures low and London cocoa posting a 2.5-year low.   Robust global supplies and slack demand are weighing on cocoa prices.  

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