July ICE NY cocoa fell 135 points, or 3.93%, and May ICE London cocoa #7 dropped 99 points, also 3.93%, as prices sold off on robust supplies and slack demand. Cumulative Ivory Coast shipment data showed farmers had shipped 1.51 MMT, reinforcing a bearish supply backdrop for cocoa futures.
July ICE NY cocoa fell 135 points, or 3.93%, and May ICE London cocoa #7 dropped 99 points, also 3.93%, as prices sold off on robust supplies and slack demand. Cumulative Ivory Coast shipment data showed farmers had shipped 1.51 MMT, reinforcing a bearish supply backdrop for cocoa futures.
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Request DemoOverall Sentiment
moderately negative
Sentiment Score
-0.45
