date:Jul 08, 2013
Butter gives chocolate its melt-in-the-mouth texture. Butter prices are determined by multiplying the ratio, a value set by grinders, with London or New York cocoa futures. 0#LCC: 0#CC:
Ratios in Asia have been consistently trading at 2.10 times London and they should move higher. There's a lot of interest for nearby and forward shipments, so I believe trade houses will start to get bullish on the ratios, said a dealer in Singapore.
Consumption is picking up. The buyers are mainly from Europe