date:May 16, 2016
Cocoa prices slumped for the second straight session, with production losses in the worlds largest growing regions already baked into prices and little news to help cocoa climb higher.
Cocoa for July delivery fell 1.6% to end at $3,020 a ton on the ICE Futures U.S. exchange, its lowest close since April 15.
Ivory Coast producers and exporters have reported that some beans sent for export have been rejected because of small bean sizes, said Jack Scoville, vice president at Price Futures Group i