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Cocoa prices rise to 28-month high

Cocoa for delivery in March on ICE Futures U.S. rose as high as $2,933 a ton, the highest price for the most actively traded contract since Sept. 8, 2011. The trigger for the current price surge has been the sharp

Cocoa market shortage: 23-month high rally

Cocoa reached a 23-month high in New York, extending the biggest gain since August, as rain threatens to hamper harvesting andĀ supplies are set to trail demand according to the International Cocoa Organisation which forecasts a deficit in the next four

Cocoa beans supply shortfall

Cocoa prices are up 21% so far in the third quarter, outperforming broad commodity indexes. The cost of one kilogram of chocolate in the U.S. is expected to hit a record $12.25 this year, a 45% increase from 2007, according