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Cocoa rises to 30-year high on fund demand; coffee futures gain

Posted on 17 December 2009

From Bloomberg: Cocoa futures jumped, extending a rally to a 30-year high, as funds stepped up buying and the dollar’s decline enhanced the investment allure of commodities. Coffee reached the highest level since August 2008.

Hedge-fund managers and other large speculators have quadrupled their bets on rising cocoa prices since late May, according to U.S. Commodity Futures Trading Commission data………………………………..Full Article: Source

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VRS - who has written 36221 posts on Opalesque Commodities Briefing.


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