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Barchart
Barchart
Rich Asplund

Signs of Weak Chocolate Demand Undercut Cocoa Prices

Ice ICCO London NY Ivory Coast

September ICE NY cocoa (CCU25) on Tuesday closed down -7 (-0.09%), and September ICE London cocoa #7 (CAU25) closed up +111 (+2.12%).

Cocoa prices settled mixed on Tuesday.  NY cocoa gave up an early advance Tuesday and turned lower, while London cocoa fell from its best levels due to concerns about cocoa demand.  Chocolate maker Lindt & Spruengli AG lowered its margin guidance for the year on Tuesday due to a larger-than-expected decline in first-half chocolate sales.  

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