date:Jul 04, 2013
04,742 tonnes. Higher internal demand for cocoa powder limited sales to third parties.
Market and selling prices for cocoa powder were significantly lower compared to last year. This had an impact on sales revenue, which declined by 16.4% in local currencies (-16.5% in CHF) to CHF 760.6 million.
In the past three months, cocoa prices continued to trade in the range of GBP 1,400 and 1,600 per tonne. Good 2012/13 mid-crop arrivals and 2013/14 forward sales combined with funds building long posi