Cocoa Hits Two-Year Low as Europe Grinds Fewest Beans Since 2013
Cocoa futures fell to a two-year low in London after Europe’s cocoa processing posted a steeper-than-expected slump, showing the extent of demand destruction as the industry reels from the lingering...
By Mumbi Gitau, Anuradha Raghu · Bloomberg Markets
Cocoa futures fell to a two-year low in London after Europe’s cocoa processing posted a steeper-than-expected slump, showing the extent of demand destruction as the industry reels from the lingering impact of record prices.