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Market Impact: 0.28
Ghana’s Proposal to Raise Farmer Pay Supports Cocoa Prices
Source: Nasdaq
Commodities & Raw MaterialsCommodity Futures
December ICE New York cocoa rose 44 points, or 0.74%, while December ICE London cocoa #7 gained 53 points, or 1.23%, extending a second day of advances. Prices retained support after Ghana's cocoa industry regulator proposed a 6% increase in payments to cocoa farmers, a development that could reinforce supply-cost pressures.
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