Cocoa Set for Longest Weekly Losing Run Since 1999 on Demand Dip

Cocoa futures in New York are set for their longest run of weekly losses in more than 26 years, weighed by continuing demand weakness even as the supply outlook improves.

The most-active contract fell as much as 1.6% to $5,851 a ton, putting prices on track for a weekly drop of about 4%. That would mark eight weeks of declines, the longest streak since May 1999.