Cocoa Heads for Biggest Weekly Drop in a Year in London on Ivorian Crop

(Bloomberg) -- Cocoa headed for the biggest weekly
drop in a year in London on speculation that the main crop in
Ivory Coast, the top producer, may be shipped earlier than usual
because of favorable weather.

Ivory Coast's main harvest typically starts in October and
ends in March, while the country's mid-crop runs from April to
June. This year's main crop may be available as early as
September, London-based commodities broker Sucden (U.K.) Ltd.
said this week. Ivory Coast produces 40 percent of global output.


Read more at Bloomberg Commodities News