Friday, June 8, 2007

Cocoa Falls to Five-Week Low After Ivory Coast Boosts Forecast for Harvest

(Bloomberg) -- Cocoa in New York fell to the lowest
in more than five weeks after Ivory Coast, the world's biggest
grower, raised its estimate of this year's harvest.

The West African nation's Economy and Finance Ministry
boosted the forecast by 3.7 percent to 1.4 million metric tons,
according to a document handed to Bloomberg News yesterday by a
ministry official who asked not to be identified.


Read more at Bloomberg Commodities News

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