(Bloomberg) -- Cocoa climbed for a third consecutive trading session in London on concern rain in Ivory Coast may boost supplies coming from the world's biggest producer of the bean.
Rain is forecast in the Ivorian commercial capital Abidjan for the next three days with showers expected on April 29, according to weather forecaster Meteorlogix LLC of Woburn, Massachusetts. Increasing rainfall in Ivory Coast and Ghana, the world's top cocoa producers, may boost late development of the so-called midcrop, the smaller of two annual harvests, Meteorlogix said yesterday.
Read more at Bloomberg Commodities News
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