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Barchart
Barchart
Rich Asplund

Cocoa Prices Sink to 2-Year Lows on Ample Supplies and Weak Demand

Ice ICCO London NY the International Cocoa Organization

March ICE NY cocoa (CCH26) on Thursday closed down -130 (-3.46%), and March ICE London cocoa #7 (CAH26) closed down -126 (-4.61%).

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

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