Cocoa Prices Sharply Higher on Below-Normal Rain in West Africa
28/7 04:19
September ICE NY cocoa (CCU25 ) on Friday closed up +205 (+2.52%), and September ICE London cocoa #7 (CAU25 ) closed up +142 (+2.66%). Cocoa prices today are sharply higher due to concerns about dry weather in West Africa. According to the European Centre for Medium-Range Weather Forecasts, rainfall in......