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Cocoa Prices Fall on Brazilian Real Decline
Source: Nasdaq
Commodity FuturesCommodities & Raw MaterialsCurrency & FXElections & Domestic Politics
December ICE cocoa futures fell Monday: New York cocoa closed down 1.82% at a loss of 102, while London cocoa declined 0.79%, or 33. The article attributes the declines to a 9% plunge in the Brazilian real after President Luiz Inácio Lula da Silva surprised markets by winning the weekend election.
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