Cocoa Extends Slump to 21-Month Low on Robust Ivorian Supplies

Cocoa futures extended losses to the lowest since February 2024 in New York, as robust deliveries to ports for export from top grower Ivory Coast signaled a better supply outlook.

Prices dropped as much as 2.7% on Monday, and are down about 60% from a record high set in December on forecasts for a bigger global surplus driven by better production and weakening demand.