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Rich Asplund

Cocoa Prices Fall on Rising Nigerian Cocoa Exports

Ice Nigeria Ghana

September ICE NY cocoa (CCU26) is down -138 (-2.27) today, and September ICE London cocoa #7 (CAU26) is down -28 (-0.65%).

Cocoa prices are falling today on signs of larger global supplies after Bloomberg reported that Nigeria’s July cocoa bean exports rose +18% y/y to 16,052 MT. Nigeria is the world's fifth-largest cocoa producer.

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