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Rich Asplund

Cocoa Prices Erase Early Losses on Dollar Weakness

Ice Ghana London

September ICE NY cocoa (CCU26) closed up +6 (+0.10%) on Friday, and September ICE London cocoa #7 (CAU26) closed up +4 (+0.09%).

Cocoa prices recovered from early losses on Friday and posted modest gains as the decline in the dollar index ($DXY) to a 7-week low prompted short covering in cocoa futures.

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