Colosseum a.s. (Colosseum a.s.)
Commodities  |  March 07, 2013 08:35:28

Cocoa is now the lowest in 14 months

ColosseumPrice cocoa or yesterday fitting with a clear downward trend, which has been active in months. Yesterday's weakness helped achieve another milestone Cocoa, 14-month lows. This additional price reduction was mainly due to weather forecast for some areas of Côte d'Ivoire, where it could fall into tomorrow rainfall sufficient for further improvement of the local harvest cocoa beans. This African country is the largest producer of cocoa in the world. Yesterday May cocoa on ICE Futures U.S. exchange depreciated by 0.8% to 2,042 cents per ton. Since the beginning of this year, but already in the summary cocoa cheaper by 8.7%.

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