Cocoa Prices Jump on Signs of a Smaller Global Cocoa Surplus
March ICE NY cocoa (CCH26 ) on Tuesday closed up +122 (+2.08%), and March ICE London cocoa #7 (CAH26 ) closed up +128 (+3.02%). Cocoa prices rallied sharply on Tuesday amid signs of a smaller global cocoa surplus. Short covering emerged in cocoa futures on Tuesday, pushing prices higher, after...
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