based on reports of high mortality rates of cocoa buds on trees because of the heavy rain. Gains in London cocoa accelerated Thursday after the British pound (^GBPUSD) tumbled to a 6-month low.
"Last year I had no yield. So no farmer can depend solely on cocoa - one has to plant other trees along with it." Despite the challenges, he's optimistic. "The future is bright, with huge demand." ...
December ICE NY cocoa (CCZ24) today is up +183 (+2.19%), and December ICE London cocoa #7 (CAZ24) is up +137 (+1.90%). Cocoa prices today are moderately higher, with London cocoa posting a 4-month ...