Summary Box: Cocoa rises for 3rd straight day as selling pressure eases, rain hits Ivory Coast
By APTuesday, June 22, 2010
Summary Box: Cocoa rises for 3rd straight day
COCOA CLIMBS: Cocoa prices rose 2.5 percent Tuesday. It was the third straight day of gains for cocoa, which has risen 4.2 percent during that time.
SELLING PRESSURE EASES: Some analysts say investors looking to drive prices lower have left the market. That has allowed cocoa prices to rebound in recent days.
WEATHER WORRIES: There is also some concern that recent rainy weather could hurt production in the Ivory Coast, one of the world’s biggest producers of cocoa.
YOUR VIEW POINT
