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Rich Asplund

BIZARRE: Cocoa prices fall back after this week s rally - What They Never Told You

Ice Ghana Ivory Coast ICCO London

March ICE NY cocoa (CCH25) today is down -245 (-2.36%), and March ICE London cocoa #7 (CAH25) is down -156 (-1.91%).

Cocoa prices fell back today after the rally seen earlier this week. Coffee prices rallied earlier this week due to West African cocoa crop concerns. Cocoa farmers in the Ivory Coast and Ghana, the world's two biggest cocoa-producing countries, said spotty rainfall over the past two weeks has been insufficient for tree regeneration and flowering.

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