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Brazilian cocoa dip

This article was originally published in The Public Ledger

COCOA arrivals from Bahia, Brazil's biggest growing region, dropped 13% to 34,061 bags in the week to September 12 from 39,168 bags a week earlier as farmgate prices fell and Brazil celebrated Independence Day, analyst Thomas Hartmann said. Total arrivals from Brazil declined 16% to 56,105 bags from 66,566 bags. Arrivals may increase in the coming weeks on "very heavy pickings" in the region, he said.


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