date:Jan 08, 2013
rvests in Ivory Coast and Ghana have got off to a weaker start than they did last year. Following excessive rainfall, both countries are reporting problems with plant diseases.
That said, the chief economist of the ICCO has stated that overall in 2012-13 global production should be 'unchanged or a little lower' than last year, which is hardly a shock scenario amid the ample supply on the market to start with.
Given the still high price level by past standards, we therefore do not see much upsi