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Dry weather in West Africa pushes up cocoa futures

Most-actively traded cocoa futures have risen about 12% this year—and 11% in February alone—to $2,811 a metric ton, on pace for the highest monthly level since April 2018. (Photo: Reuters) — Most-actively traded cocoa futures have risen about 12% this year—and 11% in February alone—to $2,811 a metric ton, on pace for the highest monthly level since April 2018. (Photo: Reuters)

2 min read . Updated: 14 Feb 2022, 08:30 PM IST Hardika Singh, The Wall Street Journal

Prices have risen more than 10% in February

Dry weather in West Africa has lifted cocoa futures, with supply concerns boosting a commodity that saw prices fall in 2021.

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