July ICE NY cocoa (CCN24) on Friday closed up +582 (+7.70%), and July ICE London cocoa #7 (CAN24) closed up +332 (+5.06%). Cocoa prices recovered from 6-week lows on Friday and rallied sharply. Gains in London cocoa were smaller than that of NY cocoa after the British pound ([^GBPUSD](https://www.barchart.com/forex/quotes/%5GBPUSD/overview)) Friday rose to a 3-week high. The stronger pound undercuts cocoa priced in terms of sterling. Cocoa prices on Friday initially fell 6-week low on demand concerns as many commercial firms and chocolate companies are delaying purchases of cocoa beans for the…