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Barchart
Barchart
Rich Asplund

Cocoa Prices Pressured by Larger Global Supplies

Ice Ivory Coast Nigeria StoneX

September ICE NY cocoa (CCU26) today is down -128 (-2.51%), and July ICE London cocoa #7 (CAN26) is down -97 (-2.55%).

Cocoa prices are moving lower today for a second session on signs of larger global cocoa supplies. Bloomberg reported Friday that Nigerian cocoa exports in May rose +28% y/y to 18,034 MT.

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