Cocoa Prices Settle Lower on Abundant Supplies and Slack Demand

March ICE NY cocoa (CCH26 ) on Monday closed down -95 (-2.26%), and March ICE London cocoa #7 (CAH26 ) closed down -94 (-3.08%). Cocoa prices settled lower on Monday as they consolidated above their recent significant lows. On January 30, NY cocoa dropped to a 2.25-year nearest-futures low, and…