Beneficial Rain in West Africa Hammers Cocoa Prices
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July ICE NY cocoa (CCN25 ) Thursday closed down -441 (-4.11%), and July ICE London cocoa #7 (CAN25 ) closed down -354 (-4.75%). Cocoa prices plunged on Thursday to 1-week lows. Expectations for favorable rain in West Africa to aid cocoa crop development hammered cocoa prices Thursday after meteorologist Vaisala…
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