What happened to the cocoa market in July?

July London cocoa futures on the ICE exchange fell nearly 15% on Monday for their largest one-day loss and then lost more than 10% at the market open on Tuesday. They settled up 251 pounds, or 3.3%, to 7,929 pounds per metric ton at the close, while July New York cocoa futures rose 3.9% to $9,283 a ton, having lost nearly 16% on Monday.

Why did world cocoa prices recover on Tuesday?

REUTERS/Francis Kokoroko/File Photo Purchase Licensing Rights LONDON, April 30 (Reuters) - World cocoa prices recovered on Tuesday after clocking losses of more than 20% for the week earlier in the session as technical triggers prevailed thanks to record low liquidity, dealers said.

Will the cocoa market post a deficit next season?

Wateridge of Tropical Research said the cocoa market could post another deficit next season based on the severity of bean disease in West Africa. The market has not seen four successive years of deficit since the late 1960s, ICCO data shows. Get a look at the day ahead in U.S. and global markets with the Morning Bid U.S. newsletter.