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Cocoa Crashes as Traders Delay Purchases from West Africa

On Wednesday, cocoa prices plunged after a liquidity crunch forced traders and speculators to postpone bean procurements from West Africa. US cocoa July futures retreated 10.76% to $8,284.00 per metric ton (MT) on May 01, marking the worst two-day slide on record. Industry watchers predict the decline will continue with

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