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September ICE NY cocoa (CCU24) today is down -111 (-1.32%), and September ICE London cocoa #7 (CAU24) is down -36 (-0.53%). Cocoa prices are seeing some long liquidation pressure today after Monday’s extraordinary rally of +9.22% in NY cocoa and +7.95% in London cocoa. Cocoa prices today were undercut after chocolate maker Lindt & Spruengli AG warned of lower chocolate demand due to high prices. Cocoa prices on Monday rallied sharply on concern about Ghana’s plan to ration cocoa supplies for the new marketing season due to doubts about a recovery in the size of Ghana’s cocoa crop. Ghana is the…

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