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Rich Asplund

Cocoa Prices Fall Back as Risk Aversion Sparks Long Liquidation

Ice NY London Deficit Ghana

Sep ICE NY cocoa (CCU23) on Friday closed -47 (-1.38%), and Sep ICE London cocoa #7 (CAU23) closed -24 (-0.88%).

Cocoa prices Friday closed moderately lower as a slump in global equity markets sparked risk aversion to asset markets, fueling long liquidation in cocoa futures.

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