Cocoa Prices Slump on Abundant Supplies
30/5 19:50
July ICE NY cocoa (CCN26 ) on Friday closed down -176 (-4.29%), and July ICE London cocoa #7 (CAN26 ) closed down -112 (-3.63%). Cocoa prices settled sharply lower on Friday, pressured by rising supplies. ICE cocoa inventories rose to a 1.75-year high of 2,846,957 bags on Friday. Last Friday,......