ICE cocoa futures fell for a second session, with September NY cocoa down 128 points (-2.51%) and July London cocoa down 97 points (-2.55%). The move reflects expectations for larger global cocoa supplies, including reports that Nigerian cocoa exports rose in May. The news is mildly negative for cocoa prices but is more of a commodity-specific supply update than a broad market driver.
ICE cocoa futures fell for a second session, with September NY cocoa down 128 points (-2.51%) and July London cocoa down 97 points (-2.55%). The move reflects expectations for larger global cocoa supplies, including reports that Nigerian cocoa exports rose in May. The news is mildly negative for cocoa prices but is more of a commodity-specific supply update than a broad market driver.
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Request DemoOverall Sentiment
moderately negative
Sentiment Score
-0.35
