Reported about 17 hours ago
Cocoa prices have dropped in New York, facing a potential weekly decline due to worries about weakened demand following record prices. Futures fell by up to 10%, reaching their lowest point since December. The decline is influenced by slow sales in the Ivory Coast, increased costs for traders, and concerns regarding shifts in chocolate consumption. Ongoing disputes among exporters and local shippers in the Ivory Coast further complicate the situation, highlighting structural challenges in the cocoa market that may impact chocolate production through 2025.
Source: YAHOO