(Bloomberg) -- Cocoa in New York fell on speculation
that investors don't expect forecasts of tight supplies to
further boost futures, which had risen 28 percent this year.
The global demand for the beans used to make chocolate may
exceed supply by as much as 125,000 metric tons, according to the
International Cocoa Organization in London. Dry weather has hurt
crops in Ivory Coast and Ghana, the two largest producers, and
Indonesia. Futures rose 9.5 percent in June and reached a four-
year high last week.
Read more at Bloomberg Commodities News
that investors don't expect forecasts of tight supplies to
further boost futures, which had risen 28 percent this year.
The global demand for the beans used to make chocolate may
exceed supply by as much as 125,000 metric tons, according to the
International Cocoa Organization in London. Dry weather has hurt
crops in Ivory Coast and Ghana, the two largest producers, and
Indonesia. Futures rose 9.5 percent in June and reached a four-
year high last week.
Read more at Bloomberg Commodities News
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