Cocoa Futures Hit One-Month High on Adverse El Niño Weather
London cocoa futures rose 15% to £4,343 per metric ton at 1513 GMT, reaching their highest since early September, as adverse El Niño-linked weather affected key growing regions. Raw sugar moved back toward last week's 19-month peak.
ICE cocoa futures reached their highest level in about a month on Tuesday as El Niño-linked adverse weather affected key growing regions. Raw sugar moved back towards last week’s 19-month peak. London cocoa rose 15% to £4,343 a metric ton at 1513 GMT, after reaching its highest level since ea…