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Barchart

Rich Asplund

Abundant Supplies Pressure Cocoa Prices

Ice the Ivory Coast Ghana ICCO StoneX

July ICE NY cocoa (CCN26) today is down -177 (-4.32%), and July ICE London cocoa #7 (CAN26) is down -113 (-3.66%).

Cocoa prices are under pressure today from rising supplies. ICE cocoa inventories rose to a 1.75-year high of 2,810,211 bags on Thursday.

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