Cocoa Prices Slump Amid Weak Demand and Abundant Supplies
September ICE NY cocoa (CCU26) on Wednesday closed down -279 (-4.98%), and September ICE London cocoa #7 (CAU26) closed down -202 (-4.84%). Cocoa prices plunged to fresh 2-month lows on Wednesday and settled sharply lower amid signs of tepid global cocoa demand and abundant supplies. The European Cocoa Association reported last Thursday that Q2 European…