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Market Impact: 0.32
Adequate Supplies Pressure Cocoa Prices
Source: Nasdaq
Commodities & Raw MaterialsCommodity Futures
December ICE New York cocoa futures fell 210 points, or 3.51%, while December London cocoa #7 declined 126 points, or 2.88%, to one-week lows. The selloff reflects market expectations that near-term cocoa supplies are adequate, extending recent pressure on prices.
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