Demand Concerns Pressure Cocoa Prices
Bearish
-50.0
July ICE NY cocoa (CCN25 ) Wednesday closed down -4 (-0.04%), and May ICE London cocoa #7 (CAK25 ) closed up +160 (+2.53%). Cocoa prices on Wednesday posted 1-week lows but settled mixed. Cocoa prices Wednesday initially moved lower on demand concerns after chocolate maker Mondelez International reported weaker-than-expected Q1...
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