Cocoa Prices Plunge on Fund Liquidation in Thin Holiday Markets
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March ICE NY cocoa (CCH25 ) Friday closed down -903 (-8.19%), and March ICE London cocoa #7 (CAH25 ) closed down -1,017 (-11.13%). Cocoa prices Friday extended this week’s sharp selloff to 2-1/2 week lows. Long liquidation and profit-taking by funds hammered cocoa prices in thin year-end holiday trading. News…
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