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Re: OT: Cocoa (Bloomberg)
Effectively 3Q grinding in Asia:-10.1%, in Europe: -4.7% and in North America -4% in comparison to the same Q last year. Most certainly: Covid effect and the reduced demand in bars and restaurants. However I'm bullish for March contract at this level of price (technical Analysis and reduced crops in Ghana and Vietnam in comparison with the expected one).
Always good to keep an eye on Cocoa and Sugar while trading Coffee...