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Barchart
Barchart
Rich Asplund

Cocoa Prices Fall Back After Recent Rally on Dry West African Weather

Ice West Africa ICCO Ghana Ivory Coast London

September ICE NY cocoa (CCU25) today is down -294 (-3.43%), and September ICE London cocoa #7 (CAU25) is down -197 (-3.41%).

Cocoa prices today have continued to sell off from Monday's 2-month high, which was posted on concern about dry weather in West Africa.  Cocoa prices have moved lower in the past two sessions as some forecasts have emerged for some scattered rain over the next few days in some cocoa-growing areas of West Africa.

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