ICE cocoa futures fell sharply on Friday, with July NY cocoa down 176 points, or 4.29%, and July London cocoa down 112 points, or 3.63%. Prices were pressured by rising supplies as ICE cocoa inventories climbed to a 1.75-year high of 2,846,957 bags. The move reflects weaker near-term cocoa fundamentals and a bearish supply-driven tone.
ICE cocoa futures fell sharply on Friday, with July NY cocoa down 176 points, or 4.29%, and July London cocoa down 112 points, or 3.63%. Prices were pressured by rising supplies as ICE cocoa inventories climbed to a 1.75-year high of 2,846,957 bags. The move reflects weaker near-term cocoa fundamentals and a bearish supply-driven tone.
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Request DemoOverall Sentiment
moderately negative
Sentiment Score
-0.45
