(Bloomberg) -- Cocoa declined for a second straight
day in London on speculation rainfall in West Africa, where 70
percent of the beans are grown, will boost global supply.
There may be thunderstorms today and tomorrow in Ivory
Coast and Ghana, the world's biggest producers of the chocolate
ingredient, U.S. weather forecaster Meteorlogix LLC said in a
report yesterday. Both countries had heavy rainfall and
thunderstorms over the weekend. Cocoa has surged 20 percent this
year partly on concern drier-than-normal weather in the region
may hurt crops.
Read more at Bloomberg Commodities News
day in London on speculation rainfall in West Africa, where 70
percent of the beans are grown, will boost global supply.
There may be thunderstorms today and tomorrow in Ivory
Coast and Ghana, the world's biggest producers of the chocolate
ingredient, U.S. weather forecaster Meteorlogix LLC said in a
report yesterday. Both countries had heavy rainfall and
thunderstorms over the weekend. Cocoa has surged 20 percent this
year partly on concern drier-than-normal weather in the region
may hurt crops.
Read more at Bloomberg Commodities News
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