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Rich Asplund

Cocoa Prices Fall on an Improved Supply Outlook

Ice the Ivory Coast ICCO London NY

May ICE NY cocoa (CCK26) on Wednesday closed down -89 (-2.66%), and May ICE London cocoa #7 (CAK26) closed down -32 (-1.31%).

Cocoa prices settled lower on Wednesday and have been under pressure over the last two sessions amid an improving supply outlook. West African farmers have reported that consistent rains have boosted pod development in cocoa trees in the Ivory Coast and Ghana.

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