Cocoa Prices Settle Sharply Higher as Demand Fears Ease

Written on 02/05/2026
Rich Asplund

March ICE NY cocoa (CCH26 ) on Thursday closed up +123 (+3.01%), and March ICE London cocoa #7 (CAH26 ) closed up +93 (+3.13%). Cocoa prices settled sharply higher on Thursday after chocolate maker Hershey forecast a better-than-expected outlook for 2026, easing concerns about cocoa demand and fueling short covering...Bar of chocolate by Karandaev via iStock