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Barchart
Barchart
Rich Asplund

Larger Global Supplies Weigh on Cocoa Prices

Ice Ivory Coast Nigeria StoneX

September ICE NY cocoa (CCU26) on Monday closed down -128 (-2.51%), and July ICE London cocoa #7 (CAN26) closed down -95 (-2.50%).

Cocoa prices retreated on Monday for a second session on signs of larger global cocoa supplies. Bloomberg reported Friday that Nigerian cocoa exports in May rose +28% y/y to 18,034 MT.

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