Cocoa Prices Hit Highest in 12 Years in New York

Chocolate-making raw material cocoa's prices rose to the highest in more than 12 years in New York on Tuesday, only a few weeks after its prices jumped to the highest in 46 years in London, as traders and chocolate producers face restricted supplies. Cocoa is currently among the hottest agricultural commodities, mostly due to an unusual fall in production in the western part of Africa. Read more here.