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Barchart
Rich Asplund

HISTORICAL FACTS: Cocoa prices fall on dollar strength alongside an improved supply outlook | History Defined

Ice NY the Ivory Coast ICCO London

May ICE NY cocoa (CCK26) on Friday closed down -76 (-2.28%), and May ICE London cocoa #7 (CAK26) closed down -41 (-1.67%).

Cocoa prices retreated on Friday, with NY cocoa falling to a 2-week low.  Friday's stronger dollar ($DXY) weighed on cocoa prices, alongside 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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