Tuesday, May 22, 2007

Cocoa Futures Fall in New York on Speculation Three-Week Rally Overdone

(Bloomberg) -- Cocoa futures in New York fell on
speculation that a three-week rally had lifted prices too high.

Before today, cocoa had increased 8.4 percent this month as
dry weather in Ivory Coast and Ghana, the world's biggest
producers, threatened supplies. All 19 futures contracts in the
Reuters/Jefferies CRB Commodity Price Index fell today.


Read more at Bloomberg Commodities News

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