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Barchart
Barchart
Rich Asplund

Cocoa Prices Retreat as Rains Arrive in West Africa

Ice West Africa ICCO Ghana Nigeria Ivory Coast London NY

December ICE NY cocoa (CCZ25) today is down -285 (-3.73%), and December ICE London cocoa #7 (CAZ25) is down -108 (-2.07%).

Cocoa prices are retreating today as rains in West Africa ease dry conditions and may promote flowering of cocoa trees and boost the region's cocoa output, a bearish factor for prices.

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