The price of cocoa is on its quarter century peak

By: trademagazin Date: 2009. 10. 07. 00:00

The March term cocoa prices increased to its 24 and a half year peak on Monday afternoon, because of the unfavorable outlook for the global supply. Investors worry of cocoa deficit.

The March term cocoa price was 2124 pound per tonne on the London futures and derivatives markets (LIFFE). This is nearly a 6 percent increase, compared to the closing price on Friday.
The less cocoa harvest, that is expected at Ivory Coast, can cause cocoa deficit, higher than expected. The African country is the world's leading producer of cocoa beans – reports MTI.

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