Cocoa processing in Europe and Asia exceeded expectations by wide margins in the third quarter, signaling a potentially stronger-than-anticipated recovery in global demand after years of elevated chocolate prices
Cocoa futures rose in New York and London, trimming a weekly decline, as the market grapples with the prospect of sufficient short-term supplies being followed by a deficit in the season ahead
Some cocoa exporters in top grower Ivory Coast are being forced to pay more than the government-set price for beans as tight supplies intensify competition