Increasing cocoa world prices

In the past two weeks, cocoa increased by 11 percent on the London commodity markets. The processing industry's demand for cocoa has been a significantly increased in the last few weeks.

There is a two-month summit on the commodity markets for the listing of cocoa. The price per tonne has been increased over 2750 USD for July deadline. According to analysts, mainly because the price was very attractive for the customers in the recession period. According to  the last week released estimates of theInternational Cocoa Organization; in the 2008-2009 season production decreased by 7.2 percent  due to the West African producers' lack of investment, because of the previous week prices. Annual world cocoa production is around 3,3-3,4 million tonnes. More than 1.2 million tonnes are producted in Côte d'Ivoire – reports Magyar Nemzet Online.