Cocoa jumps most since May on West Africa dry weather fears

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The story "Cocoa jumps most since May on West Africa dry weather fears" was covered 11 hours ago by Business Mirror, a news publisher based in Philippines.

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Cocoa jumps most since May on West Africa dry weather fears - Business Mirror

Quick Summary:

Cocoa futures soared as much as 12 percent in New York, the biggest intraday jump in three months, as dry weather in the world’s top producers fuels concerns about output in the upcoming season.

Otherwise, prices could “easily fall back down,” McDougall said.

The most-active contract reached $7,525 a ton Friday, on course for a weekly gain of more than 10 percent.