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Rich Asplund

Cocoa Prices Slump on Abundant Supplies

Ice Ivory Coast Ghana ICCO StoneX

July ICE NY cocoa (CCN26) on Friday closed down -176 (-4.29%), and July ICE London cocoa #7 (CAN26) closed down -112 (-3.63%).

Cocoa prices settled sharply lower on Friday, pressured by rising supplies. ICE cocoa inventories rose to a 1.75-year high of 2,846,957 bags on Friday.

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