Beneficial Rain in West Africa Pressures Cocoa Prices
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Beneficial Rain in West Africa Pressures Cocoa Prices
July ICE NY cocoa (CCN25 ) Wednesday closed down -105 (-1.08%), and July ICE London cocoa #7 (CAN25 ) closed down -56 (-0.85%). Cocoa prices on Wednesday retreated to 2-week lows. Cocoa prices were under pressure due to forecasts for favorable rain in West Africa, which is expected to aid...
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