Wednesday, February 13, 2008

BREAKING NEWS: Cocoa hits 23-year high!

Raw cocoa futures for March delivery closed up $33 at $2,454 a metric ton on Wednesday, after reaching as high as $2,471 a ton. The gains on New York's Intercontinental Exchange punctuate a steep run that in the last three weeks has pushed the near-term contract to its highest closing level since April 1985.

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