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Rich Asplund

Shrinking Global Output Pushes Cocoa Prices Higher

Ice United States London NY ICCO Ivory Coast Ghana

Dec ICE NY cocoa (CCZ23) on Friday closed +27 (+0.72%), and Dec ICE London cocoa #7 (CAZ23) closed +14 (+0.45%).

Cocoa prices Friday settled moderately higher, with Dec NY cocoa posting a contract high and Dec London cocoa posting a record nearest-futures high.

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