Cocoa Prices Slump on Rain in West Africa and Higher ICE Inventories
22/5 21:37
July ICE NY cocoa (CCN25 ) today is down -427 (-3.98%), and July ICE London cocoa #7 (CAN25 ) is down -355 (-4.76%). Cocoa prices today fell sharply to 1-week lows. Expectations for favorable rain in West Africa to aid cocoa crop development are weighing on cocoa prices. Meteorologist Vaisala......