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Market Impact: 0.2

Cocoa Prices Supported by Resilient Chocolate Demand

Commodities & Raw MaterialsCommodity FuturesConsumer Demand & RetailMarket Technicals & Flows

July ICE NY cocoa rose 27 points, or 0.76%, and July ICE London cocoa gained 20 points, or 0.75%, with London futures reaching a 2.5-month high. Prices were supported by carryover buying and signs that chocolate demand is holding up, indicating modestly firmer sentiment in cocoa markets.

Analysis

July ICE NY cocoa rose 27 points, or 0.76%, and July ICE London cocoa gained 20 points, or 0.75%, with London futures reaching a 2.5-month high. Prices were supported by carryover buying and signs that chocolate demand is holding up, indicating modestly firmer sentiment in cocoa markets.

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Market Sentiment

Overall Sentiment

mildly positive

Sentiment Score

0.20