Wed, Mar 4, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Agriculture, Price Watch more

Cocoa prices at 24-year high as pound weakens

Posted on 26 January 2009

From FT: Cocoa prices in London surged above £2,000 a tonne yesterday for the first time in almost 24 years. Liffe May cocoa futures, the market benchmark, jumped 2.9 per cent to £2,005 a tonne, the highest level since April 1985.

Cocoa gained more than 13.5 per cent on the week, helped by sterling’s weakness against the dollar and the euro, but also boosted by worries about low supplies from the Ivory Coast and Ghana, which together account for about 56 per cent of global cocoa production….. Full Article: Source


 Article link

This post was written by:

VRS - who has written 39496 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
March 2015
S M T W T F S
« Feb    
1234567
891011121314
15161718192021
22232425262728
293031