Cocoa prices have fallen due to forecasts of a global supply surplus, driven by a good harvest in West Africa. Experts attribute the price decline to favorable weather conditions in the region, which is the main producer of this commodity. It is expected that the increase in supply may put additional pressure on prices in the coming months.
Cocoa Prices Fall Due to Supply Surplus
Global cocoa prices have declined amid forecasts of a supply surplus, driven by a successful harvest in West African nations like Ghana and Ivory Coast.