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Rich Asplund

Cocoa Prices Weighed Down by Abundant Supplies and Slack Demand

Ice ICCO London NY the International Cocoa Organization

March ICE NY cocoa (CCH26) today is down -35 (-0.92%), and March ICE London cocoa #7 (CAH26) is down -14 (-0.51%).

Cocoa prices extended their six-week-long plunge today, with NY cocoa posting a 2.25-year nearest-futures low and London cocoa posting a 2.5-year low. Abundant global supplies and slack demand are weighing on cocoa prices.

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