date:Dec 26, 2012
and only 1.22 times in early July.
The activity in the market is expected to remain low in the next two weeks due to Christmas and New Year holidays.
We expect the market activity to pick up after January 7, when plants will be fully operational, another trader said.
Cocoa futures on Liffe fell to a near seven-month low in London in early trading, under pressure from a weakening technical outlook, based on historical price charts.
Price differentials in Europe's cash cocoa market eased on l