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Rich Asplund

Cocoa Prices Tumble on West African Rains

Ice West Africa Vaisala Ivory Coast ICCO London NY

May ICE NY cocoa (CCK26) today is down -149 (-4.35%), and May ICE London cocoa #7 (CAK26) is down -103 (-4.15%).

Cocoa prices are falling sharply today on optimism that rain in West Africa will boost cocoa crop yields. Weather forecaster Vaisala said it expects rainfall to continue into next week for most of West Africa, which should support cocoa crop flowering.

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