Slowing Ivory Coast Cocoa Exports Boosts Prices
May ICE NY cocoa (CCK25 ) today is up +340 (+4.38%), and May ICE London cocoa #7 (CAK25 ) is up +246 (+4.05%). Cocoa prices today are sharply higher as short covering emerged on concerns about slowing Ivory Coast cocoa exports. Today’s government data showed that Ivory Coast farmers shipped…