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Rich Asplund

Improving Crop Outlook in West Africa Weighs on Cocoa Prices

Ice the Ivory Coast ICCO London NY

May ICE NY cocoa (CCK26) today is down -59 (-1.73%), and May ICE London cocoa #7 (CAK26) is down -54 (-2.16%).

Cocoa prices are under pressure today on an improving supply outlook amid reports from West African farmers that said recent rains have boosted pod development in cocoa trees in the Ivory Coast and Ghana.

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