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Market Impact: 0.4
Cocoa Prices Surge on West African Crop Risks
Source: Nasdaq
Commodities & Raw MaterialsEnergy Markets & PricesMarket Technicals & Flows
ICE NY cocoa December (CCZ26) settled up +475 (+7.69%) and ICE London cocoa #7 September (CAU26) rose +385 (+8.77%) to 11-month highs. The move marks a second straight day of sharp gains, driven by concerns over the quality of this year’s West African cocoa crops.
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