July ICE NY cocoa rose 9.49% to +393 and July ICE London cocoa gained 5.09% to +167, both hitting 6-week highs. The move was driven by excessive rains in the Ivory Coast that flooded roads and restricted farmer access to farms, tightening supply expectations for cocoa futures.
July ICE NY cocoa rose 9.49% to +393 and July ICE London cocoa gained 5.09% to +167, both hitting 6-week highs. The move was driven by excessive rains in the Ivory Coast that flooded roads and restricted farmer access to farms, tightening supply expectations for cocoa futures.
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Request DemoOverall Sentiment
moderately positive
Sentiment Score
0.55
