Wednesday, May 30, 2007

Cocoa Futures Fall for Fourth Day on Ivory Coast Rains, Ghana Supplies

(Bloomberg) -- Cocoa fell in New York for a fourth
day as rains in Ivory Coast, the world's biggest producer,
improved the crop outlook and farmers in Ghana began selling
beans from a harvest that began this month.

Rain may fall over the next five days, after soaking Ivory
Coast during the weekend, Meteorlogix LLC in Woburn,
Massachusetts said. That may help the so-called main crop, the
larger of two annual harvests that starts in October in West
Africa. The smaller mid-crop harvest has begun in both Ivory
Coast and Ghana.


Read more at Bloomberg Commodities News

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