Mon, Sep 22, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Agriculture, Price Watch more

Cocoa heads for biggest monthly drop in 5 years as dollar gains

Posted on 28 October 2008

From Bloomberg: Cocoa fell for a ninth straight session, heading for its biggest monthly drop since 2003, as the dollar’s surge increased the cost of commodities for overseas buyers.

The dollar rose against the U.K. pound for the seventh straight session as investors sought a haven from plunging emerging-market stocks and bonds. That increased the price of cocoa for buyers with pounds, the currency used to pay for the chocolate ingredient in West Africa, the world’s biggest supplier. …. Full Article: Source


 Article link

This post was written by:

VRS - who has written 37015 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
September 2014
S M T W T F S
« Aug    
 123456
78910111213
14151617181920
21222324252627
282930