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Market Impact: 0.25
Ample Cocoa Supplies Pressure Prices
Source: Nasdaq
Commodities & Raw MaterialsEnergy Markets & Prices
Cocoa futures fell sharply for a second straight day: Dec ICE NY cocoa (CCZ26) is down $262 (-3.99%) and Dec ICE London cocoa #7 (CAZ26) is down $210 (-4.36%). The drop is attributed to signs of ample cocoa supplies, with prices accelerating further after news involving Barry Callebaut AG, the world’s largest cocoa processor.
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mildly negative
Sentiment Score
-0.35
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BRRLY-0.45
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