July ICE NY cocoa fell 46 points (-1.22%) and July ICE London cocoa dropped 12 points (-0.41%) as prices retreated to 2.5-week lows on signs of abundant supply. The Ivory Coast raised its estimate of cocoa arriving at ports, reinforcing the bearish supply outlook. The move is notable for cocoa futures but is unlikely to have broad market impact.
July ICE NY cocoa fell 46 points (-1.22%) and July ICE London cocoa dropped 12 points (-0.41%) as prices retreated to 2.5-week lows on signs of abundant supply. The Ivory Coast raised its estimate of cocoa arriving at ports, reinforcing the bearish supply outlook. The move is notable for cocoa futures but is unlikely to have broad market impact.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.25
