Cocoa Prices Slide As ICE Inventories Hit 1.75-Year High And Pre-Holiday Liquidation Mounts

September ICE NY cocoa (CCU26) closed down 1.10 on Thursday, while September ICE London cocoa (CAU26) fell 1.86 as traders squared positions ahead of the U.S. market holiday. Pre-weekend liquidation drove selling pressure across both New York and London cocoa markets, with losses in London accelerating after the British pound climbed to a two-week high [] The post Cocoa Prices Slide As ICE Inventories Hit 1.75-Year High And Pre-Holiday Liquidation Mounts appeared first on Foreign Policy Journal.
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