Commodities
Cocoa Drops 11% Following Three-Day Rally in Volatile Market
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Cocoa futures fell as much as 11% in New York, the biggest intraday drop in a month, before quickly paring the worst of the declines as the market continues to see wild volatility.
The downward plunge follows a three-day rally that had pushed futures to settle above the $10,000 per ton mark for the first time since April.