Unexpected Strength in North American Cocoa Demand Boosts Prices
September ICE NY cocoa (CCU26 ) on Friday closed up +171 (+3.19%), and September ICE London cocoa #7 (CAU26 ) closed up +118 (+2.97%). Cocoa prices settled sharply higher on Friday as short covering emerged after North American Q2 cocoa grindings unexpectedly increased. The National Confectioners Association reported late Thursday...
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