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Cocoa futures in London reached a three-month high on Monday due to concerns about the sustainability of the current arrival rate at ports in Ivory Coast, the world's largest cocoa producer. Despite remaining above the pace from the previous season, traders believe that arrivals could decline in December due to heavy rains leading to high flower mortality. As of November 10, cocoa arrivals at Ivory Coast ports had increased by 30% compared to the same period last season, reaching 455,000 metric tons.
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NEW YORK (Reuters) - Cocoa futures in London rose to a three-month high on Monday on concerns that the current pace of arrivals at ports in Ivory Coast, the biggest producer, will not be sustained. COCOA * London cocoa rose 120 pounds, or 2.1%, to 5,736 pounds per tonne. * Traders said arrivals at ports in Ivory Coast, the biggest producer, remain above last season's pace but could fall in December after heavy rains led to reports of high flower mortality. * Cocoa arrivals at Ivory Coast ports reached 455,000 metric tons as of ...
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