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September ICE NY cocoa (CCU24) on Tuesday closed up +445 (+5.78%), and September ICE London cocoa #7 (CAU24) closed up +316 (+4.94%). Cocoa prices rallied sharply on Tuesday, with NY cocoa posting a 2-week high. Lower cocoa production in the Ivory Coast, the world’s largest producer, is a bullish price factor. Government data Monday showed that Ivory Coast farmers shipped 1.61 MMT of cocoa to ports from October 1 to July 7, down by -29% from the same time last year. Trader Ecom Agroindustrial projects Ivory Coast 2023/24 cocoa production, which ends in September, will fall -21.5% y/y to an 8-y…