Cocoa prices rallied sharply on Thursday, with July ICE NY cocoa up 159 points, or 4.66%, to a 2-week high and May ICE London cocoa up 104 points, or 4.13%, to a 2.5-month high. The move was driven by signs of improving chocolate demand, supporting a bullish near-term tone for cocoa futures.
Cocoa prices rallied sharply on Thursday, with July ICE NY cocoa up 159 points, or 4.66%, to a 2-week high and May ICE London cocoa up 104 points, or 4.13%, to a 2.5-month high. The move was driven by signs of improving chocolate demand, supporting a bullish near-term tone for cocoa futures.
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Request DemoOverall Sentiment
moderately positive
Sentiment Score
0.55
Ticker Sentiment
