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Market Impact: 0.2
Rising ICE Inventories Pressure Cocoa Prices
Source: Nasdaq
Commodities & Raw MaterialsCommodity Futures
December ICE New York cocoa fell 55 points (1.06%) while ICE London cocoa #7 rose 12 points (0.31%); both contracts recovered from session lows after cocoa prices touched fresh five-week lows. Easing ICE cocoa inventories are reducing supply concerns and weighing on prices.
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