Dollar Strength and Abundant Supplies Knock Cocoa Prices Lower
May ICE NY cocoa (CCK26 ) on Tuesday closed down -78 (-2.37%), and May ICE London cocoa #7 (CAK26 ) closed down -51 (-2.06%). Cocoa prices retreated on Tuesday amid a stronger dollar ($DXY ) and signs of abundant supplies after ICE cocoa inventories rose to a 20-month high of...
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