Cocoa prices dropped with the market pressured by expectation for a global supply surplus on the back of favorable West African harvests.<\/p>\n
Futures slid as much as 4.2% in New York and London on Monday, paring some gains last week when traders may have covered large short positions. New York futures have slumped about 50% from a record set in December, on projections for a bigger surplus<\/a> in the current season and concern about weak demand.<\/p>\n","protected":false},"excerpt":{"rendered":"Cocoa prices dropped with the market pressured by expectation for a global supply surplus on the back of…\n","protected":false},"author":2,"featured_media":244687,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[6074,64,63,99,97319,121799,164,13330,145600,127227,125692,3786,2022,171,1025],"class_list":["post-244686","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-africa","tag-au","tag-australia","tag-business","tag-cameroon","tag-cote-divoire","tag-economy","tag-farming","tag-friedberg-mercantile-group","tag-generic-1st-ct-future","tag-generic-1st-sb-future","tag-government","tag-london","tag-markets","tag-new-york"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/244686","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=244686"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/244686\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/244687"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=244686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=244686"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=244686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}