Cocoa Costs Settle Sharply Decrease on Helpful Rain in West Africa
September ICE NY cocoa (CCU24) on Thursday closed down -517 (-6.64%), and July ICE London cocoa #7 (CAN24) closed down -654 (-8.37%). Cocoa costs Thursday offered off sharply, with London cocoa falling to a 4-week low. Favorable climate has moved into West Africa and is undercutting cocoa costs. Forecaster Maxar Applied sciences stated Thursday that…
