Cocoa futures have declined, and the market expects rainfall in major production areas to improve soil moisture and facilitate the growth of cocoa crops. The most actively traded cocoa futures contract in New York once fell 1.6% to 5,772 US dollars per tonne; London cocoa futures also fell 1.6% at one point. Weather forecasting agency Vaisala said on Monday that parts of Côte d'Ivoire, Ghana and Nigeria experienced abundant rainfall over the weekend. Much of the region is expected to experience more precipitation this week.

Cocoa futures have declined, and the market expects rainfall in major production areas to improve soil moisture and facilitate the growth of cocoa crops. The most actively traded cocoa futures contract in New York once fell 1.6% to 5,772 US dollars per tonne; London cocoa futures also fell 1.6% at one point. Weather forecasting agency Vaisala said on Monday that parts of Côte d'Ivoire, Ghana and Nigeria experienced abundant rainfall over the weekend. Much of the region is expected to experience more precipitation this week.