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Market Impact: 0.35

Weakness in Global Cocoa Demand Pressures Prices

Commodities & Raw MaterialsCommodity FuturesConsumer Demand & RetailMarket Technicals & Flows

May ICE NY cocoa fell 181 points (-5.38%) and May ICE London cocoa dropped 104 points (-4.17%) as prices extended a second-day slide on signs of weak global demand. The National Confectioners Association's North American Q1 data pointed to softer consumption, reinforcing demand concerns in the cocoa market.

Analysis

May ICE NY cocoa fell 181 points (-5.38%) and May ICE London cocoa dropped 104 points (-4.17%) as prices extended a second-day slide on signs of weak global demand. The National Confectioners Association's North American Q1 data pointed to softer consumption, reinforcing demand concerns in the cocoa market.

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Market Sentiment

Overall Sentiment

moderately negative

Sentiment Score

-0.45