Strength in Global Demand Pushes Cocoa Prices Sharply Higher

May ICE NY cocoa (CCK25 ) Thursday closed up +269 (+3.32%), and May ICE London cocoa #7 (CAK25 ) closed up +241 (+4.13%). Cocoa prices on Thursday posted sharp gains on signs of better-than-expected global cocoa demand. Q1 European cocoa grindings fell -3.7% y/y to 353,522 MT, a smaller decline...