Reported about 2 months ago
Cocoa prices have increased in New York as traders assess production prospects in West Africa, with futures climbing 2.6% despite earlier losses. Recent rains in Nigeria and Cameroon are expected to benefit crop growth, although some areas face drier conditions that could stress yields. Despite a pullback from record highs earlier this year, cocoa prices remain significantly elevated compared to last year, keeping traders vigilant about upcoming weather impacts as the main harvest season approaches.
Source: YAHOO