(Bloomberg) -- Cocoa in New York fell, posting the
first weekly loss this month, on speculation rain in Ivory Coast
will improve prospects for the crop that will be harvested
around October.
The rain will help ``recharge soil moisture'' after dry
weather hit the world's largest cocoa producer earlier this
year, according to Meteorlogix LLC in Woburn, Massachusetts. The
so-called main crop, the larger of two annual harvests, will
flower normally after rains in April and May, the private
forecaster said.
Read more at Bloomberg Commodities News
first weekly loss this month, on speculation rain in Ivory Coast
will improve prospects for the crop that will be harvested
around October.
The rain will help ``recharge soil moisture'' after dry
weather hit the world's largest cocoa producer earlier this
year, according to Meteorlogix LLC in Woburn, Massachusetts. The
so-called main crop, the larger of two annual harvests, will
flower normally after rains in April and May, the private
forecaster said.
Read more at Bloomberg Commodities News
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