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Cocoa hits 7-month high on West Africa crop prospects souring

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Summary
Nutrition label

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

Article tone

formal

Language

English

Language complexity

50

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1