Cocoa futures hover near one-month high as demand surges
London cocoa futures settled up £45, or 1%, at £4,362 per metric ton 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 remained close to a one-month high on Thursday, following demand data from Asia and Europe that was stronger than expected. Sugar traded near a 19-month peak. London cocoa on ICE settled £45 higher, a 1% gain, at £4,362 per metric ton. It reached a one-month high of £4,499 on Wednesday.