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Rich Asplund

Soaring ICE Inventories Weigh on Cocoa Prices

Ice Ivory Coast Ghana

December ICE NY cocoa (CCZ26) closed down -167 (-2.85%) on Tuesday, and December ICE London cocoa #7 (CAZ26) closed down -151 (-3.45%).

Cocoa prices fell sharply on Tuesday, pressured by rising ICE cocoa inventories. ICE cocoa inventories rose to a 2.25-year high of 3,538,981 bags on Tuesday.

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