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Market Impact: 0.28
Dry Conditions in the Ivory Coast Lift Cocoa Prices
Source: Nasdaq
Commodities & Raw MaterialsCommodity FuturesNatural Disasters & Weather
December ICE New York cocoa rose 0.52% (+29) and December ICE London cocoa gained 0.53% (+22), extending cocoa's advance to a fifth consecutive session. Prices were supported by concerns that below-normal rainfall and dry conditions in Ivory Coast could threaten crop prospects and tighten supply.
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