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Barchart
Barchart
Rich Asplund

Cocoa Prices Weighed Down by Abundant Supplies and Slack Demand

Ice ICCO the International Cocoa Organization London NY

March ICE NY cocoa (CCH26) on Friday closed down -12 (-0.29%), and March ICE London cocoa #7 (CAH26) closed down -16 (-0.52%).

Cocoa prices settled lower on Friday, consolidating above their recent significant lows.  Cocoa prices recovered from their worst levels on Friday after a weak dollar (DXY00) spurred some short covering in cocoa futures.

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