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Barchart
Rich Asplund

Cocoa Prices Pressured by Beneficial Rains in West Africa

Ice West Africa ICCO Ghana Nigeria Ivory Coast London NY

December ICE NY cocoa (CCZ25) today is down -145 (-1.96%), and December ICE London cocoa #7 (CAZ25) is down -84 (-1.65%).

Cocoa prices dropped to 1-week lows today.  Cocoa has been under pressure over the past three sessions as rain in West Africa has eased dry conditions that may promote flowering of cocoa trees, which could boost the region's cocoa output.  

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