Cocoa rises 1.5% near one-month high on stronger demand
London cocoa futures rose 1.5% to £4,380 per metric ton at 1258 GMT, after reaching a one-month high of £4,499 on Wednesday. The report cites stronger-than-expected demand data from Asia and Europe.
Cocoa futures traded close to a one-month high on Thursday, supported by demand data from Asia and Europe that exceeded expectations. Sugar remained near a 19-month peak. London cocoa on ICE rose 1.5% to £4,380 per metric ton at 1258 GMT, following Wednesday’s one-month high of £4,499.