date:Aug 25, 2015
cit this season, we expect prices to strengthen further, with potential spikes in the run-up to West Africas new season in October as farmers withhold beans from the market in expectation of higher fixed prices in 2015-16, Ecobank said.
December New York cocoa is currently trading at $3077 a tonne, below September cocoa at $3090.
Elections coming up
Ecobank expects the CCCs farmgate price to rise to XOF1,000 a kilogramme ahead of the Ivorian elections in October.
Ecobank says the Ivorian reg