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Barchart
Barchart
Rich Asplund

Cocoa Prices Fall Back on Dollar Strength

Ice Ivory Coast ICCO

July ICE NY cocoa (CCN24) this morning is down -129 (-1.19%), and May ICE London cocoa #7 (CAK24) is down -153 (-1.591%).

Cocoa prices this morning are moderately lower as a stronger dollar (DXY00) has fueled long liquidation pressures in cocoa futures.  Cocoa also has a negative carryover from Thursday when Nigeria, the world's fifth largest cocoa producer, reported that its March cocoa exports rose +19% y/y to 22,199 MT.

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