ICE cocoa futures fell on Tuesday, with May ICE NY cocoa down 78 points (-2.37%) and May ICE London cocoa down 51 points (-2.06%). Prices weakened on a stronger dollar and signs of abundant supply as ICE cocoa inventories climbed to a 20-month high. The move reflects near-term bearish pressure in cocoa markets rather than a broad macro shock.
ICE cocoa futures fell on Tuesday, with May ICE NY cocoa down 78 points (-2.37%) and May ICE London cocoa down 51 points (-2.06%). Prices weakened on a stronger dollar and signs of abundant supply as ICE cocoa inventories climbed to a 20-month high. The move reflects near-term bearish pressure in cocoa markets rather than a broad macro shock.
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mildly negative
Sentiment Score
-0.30
