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Cocoa prices have experienced a rally in the commodity markets, rebounding from previous sharp declines, which may indicate a recovery in demand or a tightening of supply. This price movement suggests a potential shift in market sentiment towards a more optimistic outlook for cocoa.

Cocoa has led the global commodities rally for the second consecutive year, indicating strong demand or constrained supply in the market. This performance contrasts with the struggles of steel ingredients, which are affected by weaker demand from China.

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