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Rich Asplund

Cocoa Prices Pressured by Abundant Supplies and Weak Demand

Ice ICCO London the International Cocoa Organization NY

March ICE NY cocoa (CCH26) today is down -269 (-6.07%), and March ICE London cocoa #7 (CAH26) is down -198 (-6.40%).

Cocoa prices are sharply lower today, with London cocoa plunging to a 2.25-year nearest-futures low. Abundant global supplies and falling demand are keeping cocoa prices under pressure.

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