Cocoa in the US reaches a maximum in 7 years, Robusta coffee also rises

NEW YORK/LONDON (Reuters) - Cocoa futures traded on New York's ICE exchange rose to a seven-year high on Thursday, boosted in part by heavy rains in West Africa, while robusta coffee prices also rose. . COCOA * The September New York Cocoa contract advanced $60, or 1.9%, to $3,262 a metric ton, having hit a seven-year high of $3,271. * Traders said the threat of more rain and flooding in the most important producing region, West Africa, also raised concerns about supply shortages. * "Moderate to heavy rains are expected in Nigeria, Cameroon, Ghana and Cote d'Ivoire during the 10-day outlook. Heavy rains could adversely affect the cocoa belts in Cameroon and Nigeria if flooding occurs again," Refinitiv Commodities Research said in a note. COFFEE * Robusta coffee closed up $63, or 2.3%, at $2,757 a metric ton, returning to last week's record of $2,790. * Traders said funds were buying against a backdrop of tight supply in top Robusta producer Vietnam, while lower production in ...