In New York, prices rose as much as 1.8 per cent to $2,183 (U.S.) a metric ton. High demand for cocoa butter, a key ingredient in chocolate, and relatively cheap cocoa prices, have sent a measure of processing profitability to the highest in more than a decade. Globally, cocoa processing probably jumped 4 per cent in the third quarter from a year earlier, Marex Spectron estimates. In New York, prices rose as much as 1.8 per cent to $2,183 (U.S.) a metric ton. While demand remains strong, speculators are holding large bets on falling prices as bean deliveries to ports suggest a large crop.

Source: thestar October 20, 2018 19:52 UTC