This Week's Cocoa Price Crash Marks Largest Ever Drop What goes up, must come down. Cocoa prices turned lower on Thursday, extending a weekly decline that is slated to be the largest on record due to the evaporation of liquidity from large traders. Futures in New York plunged as much as 9.3% to the lowest level since mid-March and have tumbled 37.5% from the peak of a little more than $12,000 a ton in mid-April. If losses are sustained through Friday, then this week's... Read this story
