Cocoa Prices Plummet on the Outlook for Robust Global Supplies
December ICE NY cocoa (CCZ25 ) on Wednesday closed down -319 (-6. 06%), and December ICE London cocoa #7 (CAZ25 ) closed down -256 (-6. 32%). Cocoa prices plummeted to 1. 75-year lows on the nearest-futures chart on Wednesday as European Union nations are pushing for a one-year delay to the EU’s Deforestation.