Adverse Weather in West Africa and Tighter Inventories Boost Cocoa Prices
December ICE NY cocoa (CCZ25 ) on Tuesday closed up +160 (+2.21%), and December ICE London cocoa #7 (CAZ25 ) closed up +63 (+1.25%). Cocoa prices recovered from 1.5-month lows on Tuesday and rallied sharply after weather concerns in West Africa sparked short covering in cocoa futures. Heavy rain in...
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