Cocoa Sharply Higher on Reduced Global Surplus and Commodity Index Inclusion
March ICE NY cocoa (CCH26 ) on Tuesday closed up +181 (+3.17%), and March ICE London cocoa #7 (CAH26 ) closed up +133 (+3.23%). Cocoa prices extended their two-week-long rally on Tuesday to 3.5-week highs. The outlook for a smaller-than-expected global cocoa surplus has underpinned prices. On November 28, the...
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