Cocoa Prices Finish Sharply Higher as Ivory Coast Cocoa Production Shrinks

July ICE NY cocoa (CCN24 ) on Tuesday closed up +486 (+5.86%), and July ICE London cocoa #7 (CAN24 ) closed up +261 (+3.83%). Cocoa prices Tuesday surged to 2-week highs. Lower cocoa production in the Ivory Coast, the world’s largest producer, is a major bullish factor for cocoa prices….