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Barchart
Barchart
Rich Asplund

Favorable West African Weather Weighs on Cocoa Prices

Ice West Africa Ivory Coast Ghana

September ICE NY cocoa (CCU26) is down -139 (-2.30%) today, and September ICE London cocoa #7 (CAU26) is down -87 (-2.02%).

Cocoa prices are under pressure today on reports of exceptional growing conditions in the Ivory Coast and Ghana. The favorable weather has fostered new flowering on cocoa trees ahead of the start of the main crop harvest next month.

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