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Rich Asplund

Demand Concerns Weigh on Cocoa Prices

Ice ICCO NY London Brazil Hershey Ivory Coast Malaysia Mondelez

May ICE NY cocoa (CCK25) today is down -265 (-3.11%), and May ICE London cocoa #7 (CAK25) is down -237 (-3.82%).

Cocoa prices today are falling on signs of weak cocoa demand. Today, Malaysia reported a -15.3% y/y decline in Q1 cocoa processing to 84.192 MT, and Brazil reported a -13% y/y fall in Q1 cocoa bean grindings to 52.135 MT. Asia, Europe, and North America will report their Q1 cocoa grinding figures on Thursday.

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