Colosseum a.s. (Colosseum a.s.)
Commodities  |  August 21, 2012 17:53:28

Drought in West Africa is pushing up the price of cocoa

ColosseumThe December cocoa contract today on the Intercontinental Exchange have risen in price by one percent to 2434 USD per tonne. The reason is information about small deduction of dažďových in Côte d'Ivoire and Ghana. In the first ten days of August occurred in Ghana 4.5 millimeter of rainfall, which is significantly less compared to 35.4 minuloročným milimetrom. The market-conquer fears that because of the El Nino dry weather will continue in the coming months. Production prediction would in that case not fulfilled.

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