date:May 23, 2012
00 tonnes, said Rabobank.
If these predictions come to fruition the market will have a surplus of 86,000 tonnes from previous seasons, which will lead to prices increases.
Rabobank expects prices to return to the average since 2008 ($2,761 per tonne) in order to meet growing demand.
Demand from Asia
Demand for cocoa in Asia as high as many leading confectioners are experiencing sales growth that Ioutpacing growth in developed markets.
Nestle, for example, saw a 12.2% sales boost in Asi