Cocoa Prices Plunge as Prospects Improve for West African Cocoa Crops
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July ICE NY cocoa (CCN25 ) Friday closed down -514 (-5.00%), and July ICE London cocoa #7 (CAN25 ) closed down -455 (-6.41%). Cocoa prices on Friday plummeted to 1-1/2 week lows and settled sharply lower as forecasts for favorable rain in West Africa are expected to aid cocoa crop…
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