Cocoa Snaps Seven-Session Gain in London as European, U.S. Stockpikes Rise

(Bloomberg) -- Cocoa in London fell, snapping a seven-session gain, after stockpiles in Europe and the U.S. rose.

Inventories in warehouses tracked by the London's Euronext.liffe rose 0.5 percent in the two weeks ended May 10, to 180,310 metric tons, the second biweekly gain. Stockpiles have increased 58 percent this year. Bean inventories monitored by the Coffee, Sugar and Cocoa Exchange in the U.S. rose 1.1 percent to 777 million pounds (352 441 metric tons) in the week ended May 10.


Read more at Bloomberg Commodities News