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Commodities Briefing - Categorized | Agriculture, Price Watch more

Cocoa grinding may drop 1.8%, Macquarie’s Haque says

Posted on 06 March 2009

From Bloomberg: Global cocoa-bean processing will drop by 1.8 percent this season as the slumping economy erodes consumption, said Kona Haque, a London-based commodities strategist for Macquarie Bank Ltd.

“The demand outlook is looking shaky,” and the world may “return to surplus” cocoa production in 2010, Haque said today at an industry conference in Miami. “This is no ordinary recession.” …. Full Article: Source


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