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Rich Asplund

Cocoa Prices Retreat as North American Cocoa Demand Unexpectedly Falters

Cocoa Ice Ivory Coast Ghana London NY

December ICE NY cocoa (CCZ26) is down -162 (-2.78%) today, and December ICE London cocoa #7 (CAZ26) is down -122 (-2.80%).

Cocoa prices are retreating today on weaker-than-expected Q3 North American cocoa demand. The National Confectioners Association reported late Thursday that Q3 North American cocoa grindings unexpectedly fell -2.5% y/y to 109,978 MT, weaker than expectations of no change.

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