Cocoa Prices Sharply Higher on West African Cocoa Mid-Crop Concerns
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May ICE NY cocoa (CCK25 ) Wednesday closed up +791 (+9.67%), and May ICE London cocoa #7 (CAK25 ) closed up +469 (+7.44%). Cocoa prices Wednesday surged to 1-month highs on signs of a weak mid-crop cocoa harvest in West Africa. According to Rabobank, late-arriving rains in the region have…
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