date:Jul 14, 2014
s a pound. The price touched 68.5 cents, the lowest since June 28, 2012.
Stockpiles in the U.S., the top exporter, will probably rise in the 12 months starting Aug. 1 as plantings increase, a Bloomberg survey of seven analysts showed. The government will release its estimates tomorrow.
Cocoa futures for September delivery fell 0.2 percent to $3,081 a metric ton. The price has climbed 14 percent this year.
Processing in North America probably rose 2.2 percent in the second quarter as chocolate