(Bloomberg) -- Cocoa in New York fell the most in more than two weeks as rain bolstered crops in Ivory Coast and Ghana, the biggest growers of the beans used to make chocolate.
The rain will moisten soils for the crop that usually flowers in April and May and is harvested in October, said Meteorlogix LLC in Woburn, Massachusetts. Weekly cocoa shipments at Ivorian ports rose 21 percent from a week earlier to 17,000 tons, London-based Sucden Ltd. said today in a report.
Read more at Bloomberg Commodities News
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