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Barchart
Barchart
Rich Asplund

NY Cocoa Prices Fall Sharply on Signs of Weak Demand

Ice NY ICCO Barry Callebaut AG London Ghana Hershey Ivory Coast Mondelez

May ICE NY cocoa (CCK25) Thursday closed down -359 (-4.25%), and May ICE London cocoa #7 (CAK25) closed down -110 (-1.80%).

Cocoa prices Thursday gave up an early advance and fell sharply on cocoa demand concerns after Barry Callebaut AG, one of the world's biggest chocolate makers, cut its sales guidance for the year in the face of high cocoa prices and tariff uncertainty.

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