Cocoa Prices Sharply Higher as Supply Disruption Fears Spur Short Covering
May ICE NY cocoa (CCK26 ) on Friday closed up +175 (+5.73%), and May ICE London cocoa #7 (CAK26 ) closed up +110 (+4.99%). Cocoa prices rallied to 1.5-week highs on Friday and settled sharply higher. The ongoing war in Iran has sparked short covering in cocoa futures amid concern...
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