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Barchart
Barchart
Rich Asplund

Cocoa Prices Fade on Stronger Dollar

Ice ICCO Ivory Coast London NY

July ICE NY cocoa (CCN25) today is down -63 (-0.64%), and July ICE London cocoa #7 (CAN25) is down -169 (-2.56%).

Cocoa prices are lower today due to the stronger dollar and recent forecasts for beneficial rainfall in Western Africa.  There is also some concern about reduced global commodity demand if there is a drawn-out war between Israel and Iran.

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