Cocoa Prices Sharply Higher as Hershey Seeks CFTC Approval for a Huge Cocoa Purchase
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March ICE NY cocoa (CCH25 ) Thursday closed up +474 (+4.53%), and March ICE London cocoa #7 (CAH25 ) closed up +289 (+3.39%). Cocoa prices rallied sharply Thursday as chocolate maker Hershey Co. is seeking CFTC approval to buy a large amount of cocoa through the ICE Futures Exchange due…
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