Cocoa Prices Pressured by Weak Global Demand

March ICE NY cocoa (CCH25 ) Thursday closed down -319 (-2.95%), and March ICE London cocoa #7 (CAH25 ) closed down -217 (-2.48%). Cocoa prices Thursday fell to 1-week lows and closed moderately lower on signs that high prices are causing demand destruction for cocoa. The European Cocoa Association reported…