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Barchart
Rich Asplund

Demand Concerns Weigh on Cocoa Prices

Ice Circana Ivory Coast Ghana ICCO

July ICE NY cocoa (CCN26) today is down -34 (-0.98%), and May ICE London cocoa #7 (CAK26) is down -18 (-0.71%).

Cocoa prices are sliding today amid concerns about demand.  Weak signs of chocolate demand are negative for cocoa prices.  Circana reported last Tuesday that chocolate candy sales in North America in the 13 weeks ending March 22 fell -1.3% from the same period a year ago.  Also, Bloomberg Intelligence said that chocolate candy sales during this past Easter holiday, a prime seasonal time for chocolate consumption, fell about 5% from last year.

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