COCOA prices have fallen below £1000 a tonne for the first time in more than a year in reaction to fears over Russian demand and rumours of a larger crop in the Ivory Coast.
ED&F Man say in a just-published report that west African output was likely to be much lower this season. Output could also be lower in Indonesia, the third largest producer.
- Confusion over El NIño effect on Ivory Coast cocoa, FWi, 11 September, 1998
- Ivory Coast gloom over cocoa, FWi, 11 September, 1998
- ICO forecasts cocoa deficit of 70,000 tonnes, FWi, 4 September, 1998
- Financial Times 18/09/98 page 32