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Rich Asplund

Cocoa Prices Fall on Dollar Strength and Rising ICE Inventories

Ice Ivory Coast Ghana ICCO StoneX

July ICE NY cocoa (CCN26) on Thursday closed down -122 (-3.14%), and July ICE London cocoa #7 (CAN26) closed down -79 (-2.70%).

Cocoa prices moved lower on Thursday as they consolidated just above Monday's 2.5-week lows. Thursday's rally in the dollar index ($DXY) to a 6-week high pressured most commodity prices, including cocoa.

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