Cocoa Prices Sink as Global Production Improves and Demand Craters
March ICE NY cocoa (CCH26 ) on Tuesday closed down -197 (-5.50%), and March ICE London cocoa #7 (CAH26 ) closed down -81 (-3.22%). Cocoa prices extended their two-month sell-off on Tuesday and sank to 2.5-year nearest-futures lows. Robust global supplies and slack demand are weighing on cocoa prices. Limiting...
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