date:Aug 25, 2015
Cocoa prices are set to rise, as farmers in the Ivory Coast hoard beans ahead of an expected hike in the price offered by the countrys cocoa board, Ecobank has said.
The Togo-based bank saw prices set to rise ahead of the start of the new season, extending gains made this year.
Ivorian deliveries.
Cocoa prices fell marginally in July, trimming recent gains to end the month 1.2% lower, at US$3,327/tonne, cutting the total years gains to 10.3%, Ecobank said.
The bank ascribes the recent correc