Cocoa Prices Settle Sharply Higher on Concern About West African Cocoa Production
March ICE NY cocoa (CCH25 ) Friday closed up +479 (+4.43%), and March ICE London cocoa #7 (CAH25 ) closed up +304 (+3.53%). Cocoa prices extended their 6-week rally Friday, with March NY cocoa and Mar London cocoa posting fresh contract highs, and nearest-futures Dec NY cocoa posting a 7-1/2…