
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.