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Barchart

Rich Asplund

Cocoa Prices Fall on Expectations of a Bumper West African Cocoa Crop

Ice the Ivory Coast Barchart ICCO London

May ICE NY cocoa (CCK26) on Monday closed down -75 (-2.30%), and May ICE London cocoa #7 (CAK26) closed down -46 (-1.91%).

Cocoa prices settled lower on Monday, but remained above last Friday's 2-week low. The outlook for a bumper West African cocoa crop is weighing on prices, as farmers in the Ivory Coast and Ghana have reported that consistent rains have boosted pod development on cocoa trees.

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