Cocoa Demand Recovery Remains Uneven, European Grinding at 17-Year Low

While the recovery in cocoa demand is following an uneven trajectory, grinding activities in Europe have retreated to the lowest first-quarter level seen since 2009. Sector data reveals that cocoa processing volumes in Europe are at their weakest in 17 years. This situation reflects the pressure on the sector from uncertain consumer demand and high prices. Grinding data is considered a leading indicator for chocolate production, and the current decline may signal a slowdown in final product demand. Market participants assess that a full recovery in demand could take time. Not investment advice.

📊 COCOA — Piyasa Yorumu

▼ down · 60%

The headline indicates that cocoa grinding in Europe is at its lowest level in 17 years, with demand showing an uneven recovery. This fundamentally points to a weak demand environment. Technically, the price has closed below the 20-day moving average, and the RSI is in neutral territory. The MACD is below the signal line, suggesting short-term momentum may be weak. In the short term, weak fundamental data and technical indicators could exert downward pressure on the price.

RSI 14

48.7

MACD

4.73

24h Δ

-3.40%

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