May ICE NY cocoa rose 131 points (+4.07%) and May ICE London cocoa gained 85 points (+3.51%) as traders priced in supply disruption risk from a prolonged US-Iran war and a possible Strait of Hormuz closure. The move reflects heightened geopolitical risk spilling into cocoa logistics and global commodity markets. The article implies a bullish price shock for cocoa futures rather than an idiosyncratic demand-driven move.
May ICE NY cocoa rose 131 points (+4.07%) and May ICE London cocoa gained 85 points (+3.51%) as traders priced in supply disruption risk from a prolonged US-Iran war and a possible Strait of Hormuz closure. The move reflects heightened geopolitical risk spilling into cocoa logistics and global commodity markets. The article implies a bullish price shock for cocoa futures rather than an idiosyncratic demand-driven move.
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moderately negative
Sentiment Score
-0.45
