Cocoa Prices Dip Amid Mixed Signals

Cocoa prices fluctuate as funds cash out profits, but solid support from expected buying and low port stocks keep prices from plummeting. Supply concerns persist, with the International Cocoa Organization reducing surplus forecasts and Nigeria expecting a production drop. Despite mixed signals, cocoas tight global picture promises more price volatility in the new year.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.