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Rich Asplund

Dollar Strength and Weak Easter Chocolate Sales Undercut Cocoa Prices

Ice Bloomberg Intelligence the Ivory Coast London Ghana ICCO NY

May ICE NY cocoa (CCK26) today is down -98 (-2.93%), and May ICE London cocoa #7 (CAK26) is down -11 (-0.45%).

Cocoa prices are sliding today amid dollar strength ($DXY) and concerns about chocolate demand. According to Bloomberg Intelligence, early estimates for chocolate candy sales this Easter holiday, a prime seasonal time for chocolate consumption, are tracking toward a decline of about -5% from last year.

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