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Barchart
Barchart
Rich Asplund

Cocoa Prices Retreat on Demand Concerns

Ice ICCO NY London Brazil Ghana Hershey Ivory Coast Malaysia Mondelez

May ICE NY cocoa (CCK25) Monday closed down -264 (-3.10%), and May ICE London cocoa #7 (CAK25) closed down -237 (-3.82%).

Cocoa prices retreated on Monday on signs of weak cocoa demand.  Malaysia reported Monday a -15.3% y/y decline in Q1 cocoa processing to 84.192 MT, and Brazil reported a -13% y/y fall in Q1 cocoa bean grindings to 52.135 MT.  This coming Thursday, Asia, Europe, and North America will report their Q1 cocoa grinding figures.

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