There will be no dramatic drop in cocoa prices in the coming months as forecast by numerous speculators hoping to cash in on a downward trend, reports a cocoa market specialist.
With a larger crop and only modest growth in use, prices are expected to fall in 2011, according to Rabobank in its latest Agri Commodity market report. However further escalation of conflict in the Ivory Coast could send cocoa prices higher.
Prices remain steady for cocoa, despite news that the start of the
new cocoa harvesting season from the world's biggest producer,
Ivory Coast, has been delayed due to a dispute.