Cocoa Prices Plummet as Buyers Retrench and Supplies Build
March ICE NY cocoa (CCH26 ) today is down -232 (-7.19%), and March ICE London cocoa #7 (CAH26 ) is down -124 (-5.47%). Cocoa prices extended their six-week-long selloff today, sinking to 2.75-year nearest-futures lows. International cocoa buyers are reluctant to pay official prices for beans in the Ivory Coast...
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