July ICE NY cocoa (CCN24) on Friday closed down -210 (-1.94%), and May ICE London cocoa #7 (CAK24) closed down -173 (-1.80%). Cocoa prices settled moderately lower on Friday as a stronger dollar (DXY00) fueled long liquidation pressures in cocoa futures. Cocoa also has a negative carryover from Thursday when Nigeria, the world’s fifth largest cocoa producer, reported that its March cocoa exports rose +19% y/y to 22,199 MT. Cocoa prices have underlying support from the outlook for tight global cocoa supplies. Recent volatility in cocoa prices has made it more expensive to maintain positions in …