July ICE NY cocoa (CCN23) on Thursday closed down -23 (-0.76%), and July ICE London cocoa #7 (CAK23) closed down -1 (-0.04%).
Cocoa prices Thursday posted moderate losses. Thursday's rally in the dollar index to a 1-week high weighed on cocoa prices. However, losses in London cocoa were limited Thursday after the British pound (^GBPUSD) fell to a 1-week low. A weaker pound undercuts cocoa priced in terms of sterling.
