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Thursday, October 19, 2006

Speculative Buying Lifts Cocoa Prices!

Speculative buying lifts Cocoa prices: A commodity based rally, weaker US Dollar and slow movement of Cocoa in the Ivory Coast, gave speculators plenty of reasons to buy Cocoa futures this morning. Prices started the day higher following a stronger market in London, with local short-covering and some speculative buying setting the early tone. Read More....