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Cocoa Rally Still Seen Starting in 4Q -- Market Talk

24 Jul 2017 2:40 am

0240 GMT - BMI Research still sees cocoa prices remaining range-bound before gains starting in 4Q as fundamentals tighten. It sees West Africa underperforming in terms of output growth from 2018-21, albeit due to strong recent production. That as modest growth in Indonesian output will be absorbed entirely by the domestic market, adds BMI. (lucy.craymer@wsj.com; @lucy_craymer)

(END) Dow Jones Newswires

July 23, 2017 22:40 ET (02:40 GMT)

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