Cocoa futures jumped sharply, with September ICE NY cocoa up 337 points (+7.26%) and July ICE London cocoa up 239 points (+6.85%) to 5-month highs. The rally was extended by heavy rains in the Ivory Coast that flooded roads and disrupted supply flows, supporting prices across both contracts.
Cocoa futures jumped sharply, with September ICE NY cocoa up 337 points (+7.26%) and July ICE London cocoa up 239 points (+6.85%) to 5-month highs. The rally was extended by heavy rains in the Ivory Coast that flooded roads and disrupted supply flows, supporting prices across both contracts.
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Request DemoOverall Sentiment
moderately positive
Sentiment Score
0.62
