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Tuesday, Oct 8
Rally in cocoa prices continues
- Cocoa prices set a 23-month high on production worries as an extended rally in the market shows little signs of ending.
- Macquarie estimates cocoa production will fall 173K metric tons below the level of consumption for the new season which just began this month. Heavy rains in Ghana and Ivory Coast are partially to blame.
- Related stocks: MDLZ, HSY, NSRGY.PK, ADM, BYCBF.PK
- Related ETFs: NIB