Cocoa Futures Hit Seven-Month High
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Business & Economics
Cocoa hits 7-month high on West Africa crop prospects souring
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78% Informative
Cocoa futures hit the highest level in more than seven months as West Africa's production prospects dim.
The most-active contract rose as much as 6.1 per cent to US$ 10,454 per metric tonne, the highest since April 29 .
Futures have rallied back to the highs witnessed earlier this year following harsh weather in top growers Ivory Coast and Ghana .
VR Score
90
Informative language
96
Neutral language
71
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formal
Language
English
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50
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short-lived
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Source diversity
1