Colosseum a.s. (Colosseum a.s.)
Commodities  |  August 30, 2012 12:43:28

Cocoa at new highs

ColosseumThe new nine-month highs during Wednesday's trading on the ICE Futures Exchange (formerly the New York Board of Trade) climbed price of cocoa. Price for the December contract came up to 2600 dollars per ton of weight, up from 10 November. Maximum of ten then saw the price of cocoa traded on LIFFE exchange in London when one ton traded beyond the L 1,698 per tonne. The growth rates in recent weeks is concern about the development of supplies from Côte d'Ivoire, where there is a tense political situation. There were also below average rainfall in West Africa. In the last six weeks, the precipitation in Côte d'Ivoire and Ghana, the two major growing countries, 10 to 40 percent below normal. and # 160;

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