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Rich Asplund

Cocoa Prices Rise on Support from Reduced Ivory Coast Shipments

Ice Ivory Coast London ICCO NY United States West Africa

July ICE NY cocoa (CCN24) today is up +74 (+0.80%), and July ICE London cocoa #7 (CAN24) +24 (+0.32%).

Cocoa prices are consolidating below Thursday's 3-week highs and are trading higher.  Cocoa prices have underlying support from dry conditions in West Africa that are causing an uncertain outlook for cocoa production in the region.

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