date:Apr 22, 2014
ioners Association data showed on Thursday after the close.
Cocoa prices surged 20 percent in 2013 due to expectations of another year of a supply deficit due to rising demand. The momentum of the rally has slowed since late January as prices met resistance at 2-1/2-year highs. We know there's less supply out there, but we had been hoping on a lot more demand. The grind numbers were a letdown, said RJO's Galvan. The data showed a jump from grindings during the first quarter of 2013, which had