Cocoa futures rose to a fresh intraday record, topping $7,000 in New York for the first time, as supply concerns drive a rally that shows no sign of offering relief for chocolate makers. The most-active contract jumped as much as 5.5 percent to $7,096 on Tuesday, bringing gains for the…
(Bloomberg) Cocoa futures rose to a fresh intraday record, topping $7,000 in New York for the first time, as supply concerns drive a rally that shows no sign of offering relief for chocolate makers.Most Read from BloombergStock Traders Bracing for Worst Shrug Off Hot CPI: Markets WrapOne of the Most Infamous Trades on Wall Street Is Roaring BackUS Core Inflation Tops Forecasts Again, Reinforcing Fed CautionChina Has Never Canceled This Many Shipments of US WheatNY Says Trump Should Post Full
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