date:Jul 08, 2013
and the U.S. There's a little bit of panic buying after Barry Callebaut's good results, and people are worried there will be very little supply ahead.
A drop in Asian cocoa grindings in the first quarter of this year because of falling margins also helped spark concerns over butter supply.
The strong butter market kept powder prices at between $2,000 and $2,500 a tonne, with deals at $2,200. Grinders noted demand from Russia and also the Middle East ahead of the Muslim fasting month of Ramadan