July ICE NY cocoa fell 221 points, or 4.99%, while July ICE London cocoa declined 159 points, or 4.83%, as abundant current supplies triggered long liquidation. The drop was linked to ICE cocoa inventories rising to a 20.5-month high, reinforcing a bearish near-term supply backdrop.
July ICE NY cocoa fell 221 points, or 4.99%, while July ICE London cocoa declined 159 points, or 4.83%, as abundant current supplies triggered long liquidation. The drop was linked to ICE cocoa inventories rising to a 20.5-month high, reinforcing a bearish near-term supply backdrop.
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Request DemoOverall Sentiment
moderately negative
Sentiment Score
-0.45
