July ICE NY cocoa closed up 61 points, or 1.50%, while July ICE London cocoa rose 37 points, or 1.21%, as prices extended a sharp weekly rally. NY cocoa hit a 2.75-month high and London cocoa a 3-month high, signaling continued strength in cocoa futures. The move is supportive for cocoa producers and reflects bullish momentum in the commodity.
July ICE NY cocoa closed up 61 points, or 1.50%, while July ICE London cocoa rose 37 points, or 1.21%, as prices extended a sharp weekly rally. NY cocoa hit a 2.75-month high and London cocoa a 3-month high, signaling continued strength in cocoa futures. The move is supportive for cocoa producers and reflects bullish momentum in the commodity.
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Request DemoOverall Sentiment
mildly positive
Sentiment Score
0.35
