Cocoa ETF Rallies Nearly 9% on Supply Concerns
By:
ETF Trends
Cocoa related exchange traded notes surged Monday as a national strike in Nigeria, the fourth largest producer of the soft commodity, and poor weather conditions pressured the supply outlook. The iPath DJ-UBS Cocoa Subindex ETN (NYSEArca: NIB) was up 8.5% at last check Monday, and the iPath Pure...
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