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Barchart
Barchart
Rich Asplund

Rain Eases Dry Conditions in West Africa and Pressures Cocoa Prices

Ice West Africa ICCO Ghana Nigeria Ivory Coast London NY

December ICE NY cocoa (CCZ25) today is down -22 (-0.30%), and December ICE London cocoa #7 (CAZ25) is down -18 (-0.35%).

Cocoa prices extended Tuesday's losses today as rain in West Africa has eased dry conditions and may promote flowering of cocoa trees, which could boost the region's cocoa output.

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