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Market Impact: 0.35
Cocoa Prices Surge on West African Cocoa Quality Concerns
Source: Nasdaq
Energy Markets & PricesCommodities & Raw MaterialsMarket Technicals & Flows
ICE NY December cocoa (CCZ26) jumped +342 (+5.87%) and ICE London September cocoa (CAU26) rose +239 (+5.76%), reaching 3-week highs. The rally was driven by concerns over the quality of this year’s West African cocoa crops amid adverse weather (lack of sunshine).
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