September ICE NY cocoa (CCU25) Tuesday closed down -110 (-1.34%), and September ICE London cocoa #7 (CAU25) closed down -42 (-0.77%)
Cocoa prices retreated on Tuesday due to a stronger dollar, following a rise in the dollar index (DXY00) to a 1.5-week high. However, losses in London cocoa were limited after the British pound (^GBPUSD) fell to a 2-week low, which boosts cocoa that is priced in terms of sterling.
