$TOILL

Cocoa prices experienced a significant decline due to worries over global demand as reported by the European Cocoa Association. Specifically, Q1 grindings in Europe dropped by 7.8% year-on-year, suggesting weakening consumption trends. This has raised concerns among traders about the sustainability of current cocoa prices. Consequently, both May ICE NY cocoa and May ICE London cocoa saw declines of over 3%. Investors may need to reassess their positions in cocoa-related stocks amid these concerns.