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Market Impact: 0.28
Cocoa Prices Rebound on Forecasts for Dry Weather in the Ivory Coast
Source: Nasdaq
Commodities & Raw MaterialsCommodity FuturesNatural Disasters & Weather
December ICE New York cocoa rose 24 points, or 0.45%, while December London cocoa gained 22 points, or 0.58%, recovering from eight-week lows. Short-covering and forecasts for dry weather in Ivory Coast supported prices, as the weather outlook raises concerns about crop stress and potential supply pressure.
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