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Rich Asplund

Rain in West Africa Weighs on Cocoa Prices

Ice West Africa Ghana Ivory Coast London Cocoa NY Cocoa London CFTC ICCO Maxar Technologies

March ICE NY cocoa (CCH25) today is down -107 (-0.92%), and March ICE London cocoa #7 (CAH25) is down -131 (-1.43%).

Cocoa prices today dropped to 1-week lows as weekend rains in the Ivory Coast and Ghana eased the dry conditions caused by the seasonal Harmattan winds and sparked long liquidation in cocoa.  

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