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Rich Asplund

Cocoa Prices Retreat on Signs of Higher Nigerian Exports

Ice Nigeria ICCO NY Ghana Ivory Coast London

July ICE NY cocoa (CCN25) today is down -443 (-4.72%), and May ICE London cocoa #7 (CAK25) is down -212 (-3.27%).

Cocoa prices today are sharply lower on signs of larger global cocoa supplies after Bloomberg reported that Nigerian Mar cocoa exports rose +24% y/y to 27,564 MT. Nigeria is the world's fifth-largest cocoa producer.

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