May ICE NY cocoa closed up 8.51% (+279) and May ICE London cocoa rose 6.57% (+161) as prices hit 1.75-month highs. The rally was driven by hopes that the recent sharp drop in cocoa prices is beginning to revive end-demand. The move is positive for cocoa futures sentiment, though the article provides no broader fundamental supply shock.
May ICE NY cocoa closed up 8.51% (+279) and May ICE London cocoa rose 6.57% (+161) as prices hit 1.75-month highs. The rally was driven by hopes that the recent sharp drop in cocoa prices is beginning to revive end-demand. The move is positive for cocoa futures sentiment, though the article provides no broader fundamental supply shock.
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Request a DemoOverall Sentiment
moderately positive
Sentiment Score
0.45
