date:May 23, 2012
In its latest Agri Commodities monthly report, Rabobank said that cocoa prices would rise until the end of the year due to increased demand in Asia and Government changes in the Ivory Coast.
Supply worries
In our view the cocoa markets will move higher in Q3 and Q4 due to a tighter fundamental outlook and concerns about supply from the Ivory Coast as a result of a new government cocoa program, said Rabobank.
Despite bumper stocks still left over from the 2010/11 season, there are concerns