(Bloomberg) -- Cocoa fell from a one-month high in
New York on speculation exports from Nigeria, the fourth-largest
producer last year, will resume as workers return from a four-
day general strike.
The strike, which shut down ports and created a fuel
shortage that prevented farmers from transporting beans, ran
from June 20 through late June 23. Most-active cocoa futures
earlier today rose to the highest since May 24 on speculation
exports might be delayed or beans waiting to be shipped at ports
may spoil.
Read more at Bloomberg Commodities News
New York on speculation exports from Nigeria, the fourth-largest
producer last year, will resume as workers return from a four-
day general strike.
The strike, which shut down ports and created a fuel
shortage that prevented farmers from transporting beans, ran
from June 20 through late June 23. Most-active cocoa futures
earlier today rose to the highest since May 24 on speculation
exports might be delayed or beans waiting to be shipped at ports
may spoil.
Read more at Bloomberg Commodities News
No comments:
Post a Comment