Beneficial Rain in West Africa Pressures Cocoa Prices
29/5 18:05
July ICE NY cocoa (CCN25 ) Wednesday closed down -105 (-1.08%), and July ICE London cocoa #7 (CAN25 ) closed down -56 (-0.85%). Cocoa prices on Wednesday retreated to 2-week lows. Cocoa prices were under pressure due to forecasts for favorable rain in West Africa, which is expected to aid......