Cocoa Prices Plummet on Abundant Global Supplies
18/5 18:54
July ICE NY cocoa (CCN26 ) on Friday closed down -187 (-4.46%), and July ICE London cocoa #7 (CAN26 ) closed down -76 (-2.44%). Cocoa prices fell sharply on Friday, posting 1.5-week lows. Since posting 3.5-month highs on Monday, cocoa prices have retreated amid an outlook for abundant supplies. On......