May ICE NY cocoa (CCK24) this morning is up +126 (+1.57%), and May ICE London cocoa #7 (CAK24) is up +233 (+3.56%). The May NY and London cocoa futures contracts today extended their parabolic two-month-long rally to new record highs on continued concern about tight cocoa supplies from West Africa. Lower cocoa production in the Ivory Coast, the world’s largest producer, is a major bullish factor for cocoa prices. Today’s government data showed Ivory Coast farmers shipped 1.26 MMT of cocoa to ports from October 1 to March 18, down -28% from the same time last year. The Ivory Coast cocoa regulat…