July ICE NY cocoa closed up 9.22% (+382) and July ICE London cocoa rose 5.54% (+182) on Monday, with prices reaching 6-week highs. The rally was driven by excessive rains in the Ivory Coast that flooded roads and restricted farmers' access, tightening supply expectations. The move is supportive for cocoa prices and reflects weather-related supply disruption.
July ICE NY cocoa closed up 9.22% (+382) and July ICE London cocoa rose 5.54% (+182) on Monday, with prices reaching 6-week highs. The rally was driven by excessive rains in the Ivory Coast that flooded roads and restricted farmers' access, tightening supply expectations. The move is supportive for cocoa prices and reflects weather-related supply disruption.
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Request DemoOverall Sentiment
moderately positive
Sentiment Score
0.68
