Cocoa hits 24-week high as heavy rains in West Africa fuel supply concerns

Key points Main Story Global cocoa prices have surged to their highest level in 24 weeks as persistent heavy rainfall across major West African producing countries raises concerns over crop losses, disease outbreaks and tightening global supplies. September cocoa futures on the Intercontinental Exchange (ICE) in New York traded at $6,366 per metric tonne on … Continue reading Cocoa hits 24-week high as heavy rains in West Africa fuel supply concerns