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Rich Asplund

Cocoa Prices Pressured by Dollar Strength and an Improved Supply Outlook

Ice NY the Ivory Coast ICCO London

May ICE NY cocoa (CCK26) today is down -62 (-1.86%), and May ICE London cocoa #7 (CAK26) is down -32 (-1.30%).

Cocoa prices are sliding today, with NY cocoa falling to a 2-week low. Today's stronger dollar ($DXY) is weighing on cocoa prices along with an improving supply outlook. West African farmers have reported that consistent rains have boosted pod development in cocoa trees in the Ivory Coast and Ghana.

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