ICE cocoa futures weakened on Thursday, with July NY cocoa down 47 points (-1.25%) and July London cocoa down 13 points (-0.45%) as prices fell to 2.5-week lows. The move was driven by signs of abundant supply, including the Ivory Coast boosting its estimate of cocoa arrivals, which points to a softer near-term market tone.
ICE cocoa futures weakened on Thursday, with July NY cocoa down 47 points (-1.25%) and July London cocoa down 13 points (-0.45%) as prices fell to 2.5-week lows. The move was driven by signs of abundant supply, including the Ivory Coast boosting its estimate of cocoa arrivals, which points to a softer near-term market tone.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.25
