Cocoa Falls as Africa May Increase Exports; Orange Juice Drops
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Cocoa fell for a third session in New York as exports rose from Nigeria and Cameroon, Africa’s third- and fourth-biggest growers. Orange juice also declined.
Cocoa shipments from Douala, the main port in Cameroon, rose 18 percent to 7,130 metric tons in the week ended Nov. 22, according to data e-mailed from the city today. Exports from Nigeria rose 38 percent from the previous year, according to the Lagos-based Federal Produce Inspection Service. The price has lost 15 percent this year in New York.