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Cocoa Recovers Some Ground After Tuesday’s Sharp Drop on Beneficial West African Weather
September ICE NY cocoa (CCU26) on Wednesday closed up +76 (+1.37%), and September ICE London cocoa #7 (CAU26) closed up +35 (+0.86%). Cocoa prices closed higher on Wednesday, retracing some of the sharp declines seen on Tuesday, when NY and London cocoa fell by more than -4%. Cocoa prices plunged on Tuesday due to reports of exceptional growing …