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Rich Asplund

Improved Supply Outlook and Ample Supplies Weigh on Cocoa Prices

Ice Ivory Coast ICCO NY

May ICE NY cocoa (CCK26) today is down -70 (-2.09%), and May ICE London cocoa #7 (CAK26) is down -26 (-1.07%).

Cocoa prices are moving lower today and have been under pressure over the last two sessions amid an improving supply outlook. West African farmers said that consistent rains have boosted pod development in cocoa trees in the Ivory Coast and Ghana.

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