Cocoa Has Biggest Weekly Drop Since April on Rains, Ivory Coast Peace Pact

(Bloomberg) -- Cocoa, unchanged today in New York,
ended with the largest weekly decline since April on speculation
that favorable weather and a peace agreement in Ivory Coast may
increase global supplies.

Ivory Coast and Ghana, the world's biggest suppliers, may
receive rain over the next five days, said Meteorlogix LLC, based
in Woburn, Massachusetts. That may help the so-called main crop,
the larger of two harvests in West Africa. Ivory Coast also is
implementing a peace agreement to end friction between rebels and
the government that's curtailed cocoa supplies.


Read more at Bloomberg Commodities News