Cocoa Extends Rebound as Expectations for Surplus Shrink

Cocoa rose for a second day in New York, as traders weighed a reduced outlook for this season’s surplus and the prospect of index-related buying supporting the market.

By Mumbi Gitau · Bloomberg Markets

Cocoa rose for a second day in New York, as traders weighed a reduced outlook for this season’s surplus and the prospect of index-related buying supporting the market.