Cocoa Prices Settle Higher on Deterioration of the West African Cocoa Crop
March ICE NY cocoa (CCH25 ) Thursday closed up +244 (+2.31%), and March ICE London cocoa #7 (CAH25 ) closed up +206 (+2.45%). Cocoa prices extended their 6-week rally on Thursday, with Mar NY cocoa and Mar London cocoa posting fresh contract highs. Also, the nearest-futures Dec cocoa contract posted…