Cocoa Drops While Coffee Rises

Cocoa and Coffee prices

Cocoa and coffee prices moved in opposite directions as events outside demand drove cocoa prices down and coffee prices up to end the week.

Most of the commodity price movement was in relationship to the strengthening of the U.S. dollar against the euro, which seems to motivated some commodity investors to hold back on commodities in the latter part of the week.

Cocoa future prices for may dropped a little, while coffee prices moved in the opposite direction, for the first weekly gain in about a month.

Cocoa prices are expected to resume their upward climb based on demand in the near future.

Cocoa and coffee prices