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Wednesday, November 22, 2006

Cocoa Harvest Depresses Prices

Cocoa harvest depresses prices, but for how long? The 2006-07 Cocoa harvest is in full swing, with origin hedge pressure and no reported delay in harvest activities depressing prices. Since November 10, the March Cocoa futures have fallen nearly $100 per ton, as trade buyers continue to hold-out for lower prices before entering the market in earnest. Read More.....