May ICE NY cocoa fell 33 ticks (-1.00%) and May ICE London cocoa #7 fell 6 ticks (-0.25%), as cocoa prices slid. The move was driven by a rally in the dollar index to a 3.5-month high and optimism that upcoming rain in West Africa could ease supply concerns, weighing on the cocoa risk premium.
May ICE NY cocoa fell 33 ticks (-1.00%) and May ICE London cocoa #7 fell 6 ticks (-0.25%), as cocoa prices slid. The move was driven by a rally in the dollar index to a 3.5-month high and optimism that upcoming rain in West Africa could ease supply concerns, weighing on the cocoa risk premium.
AI-powered research, real-time alerts, and portfolio analytics for institutional investors.
Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.15
