date:Jun 05, 2012
utures would rise 13% to $2,600 per tonne between Q1 2012 and Q1 2013. It said London Liffe futures would climb 10% to 1,700 over the same period.
The group claimed that cocoa prices would rise due to increased demand from Asia and policy changes in the Ivory Coast.
The Ivory Coast Government plans to introduce a guaranteed minimum price scheme for cocoa farmers due to be implemented in October this year.
The planned reforms have led chocolate makers to stockpile on bean supplies, accordin