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Not really much to report. Cocoa prices remained reasonably volatile through the month but within a fairly restricted range. Longer term the pundits are beginning to tip in favour of the market increasing with reports of a small deficit in the current crop year. A significant change this year has been the Ivory Coast selling cocoa tenders directly, which most of the traders take a dim view of.



Sterling maintained and continued it's relative strength against the Euro at around the €1.19-€1.20 mark.

Tony Mycock
5 th March 2012


HB Ingredients
Cocoa House, 15, The Cliffe Industrial Estate, Lewes, East Sussex. BN8 6JL.
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