London Cocoa Retreats After Five-Month Peak; New York Also Slips
London cocoa futures fell 2.8% to 3,821 per tonne on Friday, pulling back from a five-month high of 4,014 reached on Thursday. New York futures dropped 2.5% to $5,113 per tonne. Rabobank said the market was reacting to the shift toward an active El Nif1o event, easing geopolitical tensions in the Middle East, and a slow start to West Africas 202…