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Rich Asplund

Cocoa Prices Hammered as Weather Improves in West Africa

COCOA West Africa NY London Ghana ICCO

December ICE NY cocoa (CCZ24) today is down -373 (-5.13%), and December ICE London cocoa #7 (CAZ24) is down -187 (-3.61%).

Cocoa prices today are sharply lower for a second day, with NY cocoa posting a 3-1/2 week low and London cocoa posting a 6-1/2 month low. Rain in West Africa has boosted the prospects for the region's cocoa crops and is hammering cocoa prices.

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