Cocoa Sinks as Supply Crunch Fears Grip West African Farmers
On Wednesday, cocoa plunged on profit-taking as fears of a supply crunch drove West African farmers to contemplate switching crops. US cocoa futures for May delivery slid 0.23% to $7,033.00 per metric ton (MT) on March 13. Nonetheless, industry experts expect a 1.81% recovery to $7,162.00 per MT in the coming market session. The sweet …
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