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Cocoa: The last commodity standing

Posted on 30 December 2008

From Hardassetsinvestor.com: Back in February of 2008, tight supplies were forecast in the cocoa market, along with higher prices. Analysts called for a 14% rise in cocoa prices in the U.S., which would have pushed prices up to $2,325/tonne.

They underestimated the move: Despite the broader pullback in financial markets, cocoa in NY was sitting at $2,626/tonne on Friday, December 26. If NY cocoa hangs tight, it could end the year some 30% up - an outstanding performance given the other pricing trends in commodities right now….. Full Article: Source


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VRS - who has written 36243 posts on Opalesque Commodities Briefing.


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