December ICE NY cocoa (CCZ25) today is down -164 (-2.13%), and December ICE London cocoa #7 (CAZ25) is down -12 (-0.23%).
Cocoa prices are moving lower today, with NY cocoa falling to a 1-month low and London cocoa sliding to a 6-week low. Cocoa prices have been under pressure over the past three weeks, amid concerns that high cocoa prices and tariffs could dampen chocolate demand. Chocolate maker Lindt & Sprüngli AG lowered its margin guidance for the year in July due to a larger-than-expected decline in first-half chocolate sales. Additionally, chocolate maker Barry Callebaut AG reduced its sales volume guidance for a second time in three months in July, citing persistently high cocoa prices. The company projects a decline in full-year sales volume and reported a -9.5% drop in its sales volume for the March-May period, the largest quarterly decline in a decade.
