It must be said that all raw materials which is now affected, including gold, despite its role as a safe.
Compared to other markets, such as oil, which has lost half its value in three months or metals, whose prices have fallen under production costs, food is relatively unscathed.
Another major loser this week outside the oil cocoa.Its course has been heckled in recent days, yielding about 6.8% in London and 4.7% in New York, while hedge funds continue to leave the market.
The price of bean brown plunged up to 1257 pounds per tonne in London and 2190 dollars per tonne in New York, more levels achieved since respectively 6 and 9 months. .( Finance Information City )
The 2008/2009 cocoa season has just begun in Côte d'Ivoire - the first producer of cocoa beans - in a context of global financial crisis. If the impact is minimized by the new leadership in the sector, it remains feared by exporters.No serious epidemic likely to affect crops were announced, the situation of supply and demand offers a low likelihood of increased prices in the short term.
On the Liffe, a tonne of cocoa for December delivery was 1275 pounds sterling to Friday 14:00 GMT (16:00 CET), against 1368 pounds the previous week to 15.30 GMT.
On the NYBOT, the contract for delivery in December was 2142 dollars per tonne against 2249 dollars last Friday
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