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The price of cocoa futures on the Intercontinental Exchange rose to the highest price in 2019 during the week of July 8. The price traded up to $2602 per ton. Since then, cocoa has moved lower over the past five of six weeks. On Monday, August 19, the price of nearby September futures was trading at $2127 per ton, $475 or 18.3% below the July peak.
Cocoa rallied to the high on supply fears from Ghana, the world's second-leading producer of the soft commodity. Over the past six weeks, supply concerns eased, and the price