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Rich Asplund

Cocoa Prices Continue Lower on Drier Ivory Coast Weather

Ice Ivory Coast NY ICCO the Ivory Coast London

July ICE NY cocoa (CCN23) on Friday closed down -15 (-0.48%), and July ICE London cocoa #7 (CAK23) closed unchanged.

NY cocoa prices Friday fell on the drier weather in the Ivory Coast, which has allowed truck shipments to ports to resume after the recent heavy rain that temporarily made roads impassable.  The mid-crop harvest in West Africa is currently in progress.  Cocoa prices also saw downward pressure from Friday's +0.50% rally in the dollar index.

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