Improving Supply Outlook Hammers Cocoa Prices
19/5 15:15
July ICE NY cocoa (CCN26 ) on Monday closed down -211 (-5.27%), and July ICE London cocoa #7 (CAN26 ) closed down -159 (-5.24%). Cocoa prices on Monday extended their week-long plunge, posting 2-week lows. Since posting 3.75-month highs last Monday, cocoa prices have retreated amid an outlook for abundant......