Producer Selling Weighs on Cocoa Prices
14/5 06:42
July ICE NY cocoa (CCN26 ) on Wednesday closed down -194 (-4.23%), and July ICE London cocoa #7 (CAN26 ) closed down -159 (-4.63%). Cocoa prices retreated on Wednesday amid selling pressure from producers who are locking in higher prices after this week's rally to 3.5-month highs. Also, Wednesday's stronger......