Favorable Growing Conditions in West Africa Undercut Cocoa Prices
July ICE NY cocoa (CCN25 ) Tuesday closed down -25 (-0.26%), and July ICE London cocoa #7 (CAN25 ) closed down -82 (-1.23%). Cocoa prices on Tuesday closed lower, with London cocoa posting a 2-week low. Forecasts for favorable rain in West Africa are expected to aid cocoa crop development...
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