date:Jan 08, 2013
Cocoa prices rose in 2012 for the first time in three years, by 6% inNew York and 4% in London.
The revival defied widespread expectations at the start of the year that political stability in top producer Ivory Coast, and the weight to consumption from soft world economic growth, might keep prices in decline.
In fact, prices gained support from weather and disease setbacks in West Africa which depressed estimates for production in 2012-13, leading to expectations of output falling behind consu