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Barchart
Rich Asplund

Bigger Global Supplies Weigh on Cocoa Prices

Ice Ivory Coast Nigeria StoneX

September ICE NY cocoa (CCU26) on Friday closed down -152 (-2.90%), and July ICE London cocoa #7 (CAN26) closed down -100 (-2.56%).

Cocoa prices settled sharply lower on Friday as signs of larger global supplies sparked long liquidation in cocoa futures. Bloomberg reported Friday that Nigerian cocoa exports in May rose +28% y/y to 18,034 MT.

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