Cocoa Prices in Full Retreat on Slack Demand and Ample Supplies

March ICE NY cocoa (CCH26 ) on Friday closed down -268 (-6.00%). March ICE London cocoa #7 (CAH26 ) closed down -206 (-6.41%). Cocoa prices extended their two-week-long plunge on Friday, with NY cocoa posting a 2-year nearest-futures low and London cocoa posting a 2.25-year nearest-futures low. Demand concerns are...Bar of chocolate by Karandaev via iStock