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Market Impact: 0.18

Resilient Chocolate Demand Supports Cocoa Prices

Commodities & Raw MaterialsCommodity FuturesMarket Technicals & FlowsConsumer Demand & Retail

ICE cocoa futures are firmer, with July ICE NY cocoa up 10 points (+0.28%) and July ICE London cocoa up 11 points (+0.41%). London cocoa reached a 2.5-month high as traders extended Thursday's move on signs that consumer demand for chocolate remains resilient.

Analysis

ICE cocoa futures are firmer, with July ICE NY cocoa up 10 points (+0.28%) and July ICE London cocoa up 11 points (+0.41%). London cocoa reached a 2.5-month high as traders extended Thursday's move on signs that consumer demand for chocolate remains resilient.

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Market Sentiment

Overall Sentiment

mildly positive

Sentiment Score

0.20