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Barchart

Rich Asplund

Cocoa Prices Slump on Cocoa Demand Fears

Ice Barry Callebaut AG ICCO Ivory Coast London NY

September ICE NY cocoa (CCU25) today is down -286 (-3.41%), and September ICE London cocoa #7 (CAU25) is down -215 (-3.88%)

Cocoa prices today are sharply lower due to concerns about cocoa demand. Chocolate maker Barry Callebaut AG reduced its sales volume guidance today for a second time in three months, citing persistent cocoa price volatility. The company projects a decline in full-year sales volume and said it "saw its largest decline in a decade in the third quarter."

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