Cocoa Prices Fall on Dollar Strength and Abundant Supplies

Cocoa futures are lower, with May ICE NY cocoa down 72 points (-2.18%) and May ICE London cocoa down 47 points (-1.90%). Prices are being pressured by a stronger dollar and signs of abundant supplies, including ICE cocoa inventories rising to a 20-month high of 2,632,357. The move reflects softer commodity sentiment rather than a broader macro shock.

Analysis

Cocoa futures are lower, with May ICE NY cocoa down 72 points (-2.18%) and May ICE London cocoa down 47 points (-1.90%). Prices are being pressured by a stronger dollar and signs of abundant supplies, including ICE cocoa inventories rising to a 20-month high of 2,632,357. The move reflects softer commodity sentiment rather than a broader macro shock.