Cocoa Prices Settle Sharply Lower on Beneficial Rain in West Africa
September ICE NY cocoa (CCU24 ) on Thursday closed down -517 (-6.64%), and July ICE London cocoa #7 (CAN24 ) closed down -654 (-8.37%). Cocoa prices Thursday sold off sharply, with London cocoa falling to a 4-week low. Favorable weather has moved into West Africa and is undercutting cocoa prices....
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