May ICE NY cocoa is up 24 points (+0.72%) and May ICE London cocoa is up 14 points (+0.56%) as traders price in supply disruption risk from a prolonged US-Iran war that could keep the Strait of Hormuz closed. The article frames the move as geopolitically driven rather than demand-led, with concern centered on global cocoa shipments and broader supply chain disruption.
May ICE NY cocoa is up 24 points (+0.72%) and May ICE London cocoa is up 14 points (+0.56%) as traders price in supply disruption risk from a prolonged US-Iran war that could keep the Strait of Hormuz closed. The article frames the move as geopolitically driven rather than demand-led, with concern centered on global cocoa shipments and broader supply chain disruption.
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mildly positive
Sentiment Score
0.25
