Are cocoa prices consolidating below Thursday's 3 week highs?

Cocoa prices are consolidating below Thursday's 3-week highs and are trading higher. Cocoa prices... July arabica coffee (KCN24 ) today is down -11.30 (-4.85%), and July ICE robusta coffee (RMN24 ) is down -151 (-3.54%). Coffee prices are sharply lower on long liquidation pressure after the sharp rally...

Why did cocoa prices rise Tuesday?

Cocoa prices Tuesday posted moderate gains on concerns that recent losses have been excessive. Short covering in cocoa futures emerged Tuesday after the Hightower Report warned that West African cocoa farmers' lack of fertilizer and pesticide use will hurt output during the 2024/25 season.

Is cocoa hard to grow?

The cocoa plant is relatively demanding. It only grows on nutrient-rich soil at temperatures in excess of 16 degrees. (read more) What dream job? Gen Z and millennials are being forced to confront a difficult job market. Cocoa Price: Get all information on the Price of Cocoa including News, Charts and Realtime Quotes.