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Market Impact: 0.25
Cocoa Prices Supported by Forecasts for Dry Weather in the Ivory Coast
Source: Nasdaq
Commodities & Raw MaterialsCommodity FuturesNatural Disasters & Weather
December ICE New York cocoa futures rose 24 points, or 0.45%, while December London cocoa gained 27 points, or 0.69%, recovering from eight-week lows. Short-covering was driven by forecasts for dry weather in Ivory Coast, which could threaten cocoa supply, although the move remains modest and weather-dependent.
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