Cocoa Prices Recover Sharply on Bullish Fundamentals

July ICE NY cocoa (CCN24) on Tuesday closed up +352 (+3.94%), and May ICE London cocoa #7 (CAK24) closed up +325 (+3.97%). Cocoa prices Tuesday rebounded from 5-week lows and closed sharply higher. Recent volatility in cocoa prices has made it more exp…