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Barchart
Rich Asplund

UNBELIEVABLE: Cocoa prices plummet on beneficial weather in west africa | History Defined

Ice West Africa Africa ICCO NY European Union Ivory Coast London the International Cocoa Organization

March ICE NY cocoa (CCH26) today is down -429 (-6.83%), and March ICE London cocoa #7 (CAH26) closed down -321 (-7.05%).

Cocoa prices are sinking today as rains in West Africa and a delay in the seasonal Harmattan winds have been beneficial to cocoa crops, sparking long liquidation in cocoa futures.  Cocoa farmers in the Ivory Coast and Ghana are reporting a well-balanced mix of rain and sunshine that is supporting cocoa pod development.  

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