Cocoa processing in North America probably rose 1.8 percent in the first quarter as chocolate demand increased, a survey showed.
Cocoa futures rose to a 10-week high after a report showed North American consumption climbed. Coffee prices were little changed.
Cocoa prices rose, extending a rally to an eight-week high, on signs of increasing demand amid tightening supplies. Coffee and orange juice also gained.
This Valentine’s Day is poised to be the sweetest of the current U.S. economic expansion for candy makers.
Graham Says Snacks Are an `Affordable Indulgence'