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Barchart
Rich Asplund

Favorable Weather in West Africa Weighs on Cocoa Prices

Ice West Africa ICCO Ivory Coast Ghana London NY

July ICE NY cocoa (CCN25) today is down -370 (-3.78%), and July ICE London cocoa #7 (CAN25) is down -218 (-3.33%).

Cocoa prices today gave up an early advance and fell sharply due to favorable weather in West Africa, which is expected to aid cocoa crop development in the world's largest cocoa-growing region.  Rain is forecast this week for the cocoa-growing regions of the Ivory Coast and Ghana.  

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