July ICE NY cocoa fell 188 points (-4.28%) and July ICE London cocoa dropped 147 points (-4.49%) to 1-week lows after Ivory Coast raised its cocoa delivery estimate for the season. The higher supply outlook pressured cocoa futures sharply lower. The move is negative for cocoa prices, though the impact is mainly commodity-specific rather than broad market-wide.
July ICE NY cocoa fell 188 points (-4.28%) and July ICE London cocoa dropped 147 points (-4.49%) to 1-week lows after Ivory Coast raised its cocoa delivery estimate for the season. The higher supply outlook pressured cocoa futures sharply lower. The move is negative for cocoa prices, though the impact is mainly commodity-specific rather than broad market-wide.
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Request DemoOverall Sentiment
moderately negative
Sentiment Score
-0.42
