Cocoa Prices Decline Despite Global Supply Crunch
On Monday, cocoa prices plummeted on long liquidations triggered by short-term profit-taking despite the ongoing global supply crunch. US cocoa July futures slumped 6.85% to $11,064.00 per metric ton (MT) on April 22, snapping a three-day rally. Moreover, industry watchers predict a 0.10% drop to $10,910.00 per MT in the