TITLE

Fundamentals To Support Cocoa Over Medium Term

PUB. DATE
September 2008
SOURCE
Emerging Markets Monitor;9/1/2008, Vol. 14 Issue 21, p4
SOURCE TYPE
Country Report
DOC. TYPE
Article
ABSTRACT
This article presents an outlook for the global cocoa industry for 2008. It expects an upside price action for cocoa this year as both the technical and fundamentals positioned the soft commodity for a steady price ascent. It also expects further volatility over the coming months as global commodity markets adjust to a scenario of a stronger dollar and weaker global economic growth. 35% of the world's cocoa was consumed by the Americas. The demand for cocoa will be affected by a slowdown in the U.S. economy and a deterioration in eurozone growth.
ACCESSION #
34132048

 

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