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The cocoa price is typically calculated based on various factors, including supply and demand dynamics, global market trends, and futures contracts traded on commodities exchanges like the Intercontinental Exchange (ICE). The price is influenced by factors such as weather conditions in major producing countries, currency fluctuations, and economic conditions. Additionally, the price can vary by quality and processing stage, with premium grades commanding higher prices. Market reports and indices also play a role in determining the cocoa price.

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1w ago

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