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Rich Asplund

REVEALED: Signs of abundant cocoa supplies undercut prices - The Real Truth

Ice Ghana Nigeria

September ICE NY cocoa (CCU26) is down -165 (-2.75%) today, and September ICE London cocoa #7 (CAU26) is down -38 (-0.89%).

Cocoa prices are sliding today on signs of abundant cocoa supplies. Last Friday, Bloomberg reported that Nigeria’s July cocoa bean exports rose +18% y/y to 16,052 MT. Nigeria is the world's fifth-largest cocoa producer.

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