Resilient North American Q2 Cocoa Demand Sparks Short Covering in Cocoa Futures
19/7 08:06
September ICE NY cocoa (CCU25 ) on Friday closed up +491 (+6.72%), and September ICE London cocoa #7 (CAU25 ) closed up +245 (+5.10%). Cocoa prices on Friday settled sharply higher after short covering emerged when North American Q2 cocoa grindings did not decline as much as those in Europe......