Cocoa Futures Little Higher

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December New York Cocoa is trading at 2997, up 13 $/MT.

New York cocoa futures are trading a little higher after Monday’s steep decline.

Market talk about global cocoa production ahead and chatter about cocoa demand at current price levels is making the rounds. Ivory Coast port arrivals last week totaled 5,000 tonnes versus 14,000 a year ago.

Trading is choppy.

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