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Market Impact: 0.2

Improved Supply Outlook and Ample Supplies Weigh on Cocoa Prices

Commodities & Raw MaterialsCommodity FuturesFutures & OptionsTrade Policy & Supply ChainMarket Technicals & Flows

May ICE NY cocoa (CCK26) is down 70 cents (-2.09%) and May ICE London cocoa #7 (CAK26) is down 26 points (-1.07%). Cocoa has been under pressure over the past two sessions as an improving supply outlook—cited by West African farmers—eases tightness and weighs on prices.

Analysis

May ICE NY cocoa (CCK26) is down 70 cents (-2.09%) and May ICE London cocoa #7 (CAK26) is down 26 points (-1.07%). Cocoa has been under pressure over the past two sessions as an improving supply outlook—cited by West African farmers—eases tightness and weighs on prices.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.18