Cocoa Prices Sharply Higher on West African Cocoa Crop Concerns
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March ICE NY cocoa (CCH25 ) Monday closed up +1,383 (+13.66%), and March ICE London cocoa #7 (CAH25 ) closed up +997 (+12.28%). Cocoa prices soared Monday and nearly recovered almost all last week’s sharp losses. Crop production concerns in West Africa fueled fund buying of cocoa futures Monday after…
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